Banco Santander SA ADR

The unlikely outcome of a disorderly no-deal Brexit is a risk, but opportunities exist.

The overpayment to enter the increasingly competitive hemophilia market is relatively small compared with the overall size of wide-moat Sanofi.8445

Major competitive and regulatory developments with asset managers prevail, while interest rates are a key trend for financials in general.

The acquisition is the result of an opportunistic move by Santander's management picking up a strong franchise hurt by toxic real estate exposure, rather than a continuation of previous management’s acquisition streak.

Even buy-and-hold investors may be able to identify worthy candidates.

The market overall looks slightly overvalued, with basic materials and energy the most overheated, and more value in healthcare and financial services.

Brexit increases the uncertainty around global financials, and the U.S. Department of Labor's fiduciary standard rule will reshape many business models in the sector.

There's much to consider, but it's not all bad news.

The Brexit vote will have wide-reaching implications for our European financials coverage universe.

We plan to lower our fair value estimate modestly but are maintaining our narrow moat rating and recommend investors take advantage of pullbacks.

Economic moats at the bank's subsidiaries are reservoirs that preserve the narrow moat at a global level.

Banks have outperformed broader stocks in 2015, as investors are bullish on higher interest rates and credit quality has stayed strong.

Even buy-and-hold investors may be able to identify worthy candidates.

With an interest-rate hike at the forefront, here's a closer look at an inexpensive financial-services exchange-traded fund.

Results of adverse scenarios are generally in line with Morningstar's own Stress Test analyses.

We think it will hold up well against the threats of challenger banks and digital banking.

The sector is feeling the pressure from regulators and appears to be fairly valued overall.

The CCAR revealed concerns about several major banks' capital plans, including those at B of A and Citigroup, which likely will discourage shareholders in the near term.

The Gold-rated Matthews fund will undergo a change to protect the integrity of its investment process. Also, Goldman Sachs Asset Management's Rob Cignarella exits, Dreyfus rolls out a floating-rate fund, RiverPark launches a "strategic income" fund, Nomura to exit the U.S. fund business, and Santander and Bradesco ready U.S. fund launches.