Its loss-leader capabilities should drive unrivaled sales per square foot and excess returns.
Increased regulation could advantage high-tech disrupters and firms with economies of scale, says Morningstar's Jim Sinegal .
The performance overhang attributable to the bank's crisis-era missteps is fading, writes Morningstar’s Jim Sinegal .
Wells Fargo’s results underscore how the firm’s low-cost deposit-base growth remains its key source of competitive advantage, writes 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 .
Morningstar's Dan Werner and Jim Sinegal see a move toward digital and direct channels.
The firm continued its progress on the expense front in the fourth quarter, but further improvement will be harder and regulatory woes will persist, writes Morningstar’s Jim Sinegal .
The new Apple Pay is unlikely to disrupt payment networks or credit card issuers--and should even expand network volume, writes Morningstar’s Jim Sinegal .
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 .
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 .