Increased regulation could advantage high-tech disrupters and firms with economies of scale, says Morningstar's Jim Sinegal .
Its loss-leader capabilities should drive unrivaled sales per square foot and excess returns.
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 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 .
Factors outside management's control will determine the extent of earnings improvements over the medium term, writes Morningstar’s Jim Sinegal .
Morningstar's Dan Werner and Jim Sinegal see a move toward digital and direct channels.
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 .
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 .