Private-label leader capitalizes on commerce trends.
Highly efficient Synchrony Financial offers value not only to retailers and cardholders, but to shareholders as well, says Morningstar's Dan Werner.
One consequence of near-term rate stabilization is the need for banks to cut operational costs in order to increase earnings.
Against the backdrop of increased regulation and other concerns, Buffett's caution on banks is warranted, says Morningstar's Dan Werner.
The long term still matters more than the short term to our valuations.
We like the business, which is now separate from GE, and think it's undervalued.
With several competitive advantages, a 3% dividend yield, and a 20% discount to our fair value estimate, now's a good time to consider investing in this narrow-moat regional bank.
Each has its own niche in the overall banking landscape, both in Canada and abroad.
Strong fee revenue and low-cost funding offer the bank the ability to earn excess returns.
Morningstar's Dan Werner expects continued pressure on net interest margins, increased fee revenue, a focus on expense controls, and strong trading revenue for investment banks.
Undervalued Capital One benefits from improving U.S. consumer and overall economy.
Results of adverse scenarios are generally in line with Morningstar's own Stress Test analyses.
Morningstar's Dan Werner and Jim Sinegal see a move toward digital and direct channels.
Spun off from GE, narrow-moat Synchrony Financial thrives by having strong ties with loyal retailers.
Housing prices compared to average household income in Canada are currently at historical highs and among the highest in the world.
As expected, the Federal Reserve's latest round of stress tests shows that the big banks are much better-equipped to handle an economic downtown than they were five years ago.
We think the firm will continue to create significant value for shareholders.
It looks more like a high-quality regional bank than a credit card company.
Strong average loan/value ratios may not fully protect the country's banks.
They offer competitive advantages and fair yields, but little upside in a challenging environment.