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 .
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 .
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 .
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.
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.