|Last Price$5.35||Day Change (%)-2.37%|
|Open Price$5.46||Day Change ($)-0.13|
|Day Range5.30–5.49||52-Week Range4.05–7.18|
As of Fri 5/22/2015 5:00:00 PM | USD
ADRs End Lower; Vodafone Edges Down
Morningstar's Dan Werner expects continued pressure on net interest margins, increased fee revenue, a focus on expense controls, and strong trading revenue for investment banks.
Investors are overly concerned about the potential impact of falling oil prices and turmoil in Russia on the banks that we cover.
In today's market, we think careful stock-picking will be rewarded. Plus, we look at the impact of rising interest rates on banks and of ETFs on the traditional asset management industry.
Ultimately, we think investors will realize the true earnings power of narrow-moat Banco Santander Brazil.
We prefer companies with little direct exposure to questionable sovereigns.
The country has proved resilient in times of stress, and its financial institutions appear to be attractive long-term investments.