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 .
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 .
Jim Sinegal : Three big stories in banking this quarter are related to regulation, rates, and real estate. On the regulatory front, it
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 .
capital to eventually benefit shareholders either through capital return or smart balance sheet growth. Morningstar analyst Jim Sinegal notes that Citigroup's truly global presence differentiates the bank from nearly all of its peers. With a large portion
buybacks [they originally planned]. There is also the embarrassment of having to go back and change these numbers again. Jim Sinegal , who covers [TICKER:BAC] Bank of America and a lot of the other big banks for Morningstar, says this news is really
earnings here? Glaser: It looks like these banks maybe are becoming too big to earn. This was a theme that our bank analyst Jim Sinegal touched on this week when we discussed this. These banks have been under so much regulatory scrutiny, are so difficult to
them, which means it's going to be harder for them to really get to their core earnings power. And our big-bank analyst Jim Sinegal , who covers Bank of America, just thinks the shares are just too pricey right now given some of these regulatory headwinds