A large settlement with the Department of Justice resolves much of the bank’s crisis-era misdeeds, but it’s difficult to foresee a day when B of A and its peers are free of improprieties and the associated costs, says Morningstar’s Jim Sinegal .
The wide-moat firm continued to keep a tight lid on expenses, and it is making the right moves in the digital world, says Morningstar's Jim Sinegal .
Regulators’ concern over ‘living will’ restructuring plans reinforces our high uncertainty ratings and lack of enthusiasm for Bank of America, Citigroup, and JPMorgan Chase shares, says Morningstar’s Jim Sinegal .
Its loss-leader capabilities should drive unrivaled sales per square foot and excess returns.
Regulation, rates, and real estate all made headlines in the financial-services sector in recent months and could create ongoing headwinds for several firms.
With each massive settlement, B of A is closer to putting its troubled past behind it, but the environment remains tough for large banks, says Morningstar's Jim Sinegal .
Leadership changes and litigation risk should not scare investors away from financials, as quarterly results show that several names are currently a fairly good deal, says Morningstar's Jim Sinegal .
The pickings continue to get slimmer for a proven group of top fund managers as the market continues to trade around its all-time high.
This week: A Greek revival, a new frontier, easing Fed concerns, and an artistically volatile stock.