Though it has a positive medium- and long-term growth trajectory.
It reported strong Q2 results and high capital returns.
After recent runup in prices, the sector is about 10% overvalued.
We don’t anticipate a material change to our $70 fair value estimate.
We don't plan on making a change to the wide-moat company's fair value estimate.
Most of the sector is fairly valued.
We don’t plan on making a material change to our $51 fair value estimate for the wide-moat firm.
The organic growth for the narrow-moat firm is dependent on market returns.
We may increase our current $47 fair value estimate by up to 10%.
Most financial stocks are trading above our fair value estimates.
We look for the bottom in net interest income and trading.
Nasdaq recently announced the acquisition of Verafin, an anti-financial crime solutions provider, which will speed up its shift to more software-as-a-service revenue.
We don’t anticipate making a material change to our $56 fair value estimate for Morgan Stanley and assess shares as fairly valued.
We don't anticipate on changing our fair value estimate for the wide-moat company, and we assess the shares as undervalued.
We don't expect to change our fair value estimate for narrow-moat Morgan Stanley.
Some high-quality financial services firms are trading at decent discounts.
We don’t anticipate a change to our $218 fair value estimate.
We don’t anticipate making a material change to our $49.50 fair value estimate for the narrow-moat company.
TD Ameritrade reported strong fiscal third-quarter results, as high trading volumes are offsetting a decline in interest rate-related revenue.
We think the shares are undervalued.
Banks are the most undervalued subsector.
We consider both stocks to be fairly valued.
The combination will cement Schwab's position as one of the key players in the financial sector.
We don’t anticipate making a material change to our fair value estimate for the narrow-moat firm and assess shares as moderately undervalued.
We don't anticipate making a material change to our fair value estimate and assess the shares as modestly undervalued.
For this wide-moat firm, we don't anticipate making a material change to our fair value estimate and currently assess shares as modestly undervalued.
But Michael Wong offers a peek at the bright side.
Berkshire an ideal defensive investment for the long term.
We don't at this time anticipate a material change in our fair value estimate for Morgan Stanley.
We don’t anticipate making a material change to our per share fair value estimate and assess shares as fairly valued.
We don’t anticipate making a material change to our fair value estimate, and we assess the shares as being fairly valued.
The wide-moat firm looks fairly valued.
Shares of the narrow-moat firm are fairly valued today.
Market overestimated likelihood of a recession; financial-services stocks trading at a premium to our fair values.
We believe that Schwab's already strong business model will be enhanced by the merger with TD Ameritrade, and we expect to assign a wide moat to the combined entity.
If a deal is announced, we anticipate multiple hurdles including a headline risk of antitrust, but we currently believe it's surmountable.
We explain our latest views on Charles Schwab, TD Ameritrade, and E-Trade.
We're reducing fair value estimate for the narrow-moat firm.
The narrow-moat firm is reducing commissions on U.S.-listed equities, ETFs, and options to $0.
We expect to decrease our fair value estimate for wide-moat Charles Schwab amid news of its pricing cut.
Investors have to be pickier with financial-services stocks this quarter.
The sector overall is slightly undervalued.
Narrow-moat Goldman Sachs isn't getting enough credit for its new initiatives.
We think it should be positive for those with a long-term investment horizon.
About half of our banking coverage is trading at 4 or 5 stars.
The large increase in fourth-quarter net income was due to tax reform, but the strong revenue and operating income growth were due to positive trends in the company's business model and expense discipline.
Moderating expectations for interest rate hikes and lower asset prices have created some buying opportunities in some financial firms.
The economy remains relatively strong, but we’re seeing pressure in funding costs, net interest margin growth, and credit costs.
Wide-moat CoStar's dominance is only growing, and it's led by great management.