Financial Services: Bank Worries Are Overdone
Investors are overly concerned about the potential impact of falling oil prices and turmoil in Russia on the banks that we cover.
Morningstar's view is that the decline in oil prices is likely to prove a short-term phenomenon. With U.S. producers drastically reducing spending in 2015, production growth is set to meaningfully slow this year and could even decline in 2016 if prices remain weak. Our longer-term expectation of continued global demand growth leads us to believe that Brent oil prices will again be around $75 per barrel by 2018. It's our view that this is the minimum price necessary to ensure adequate supply over the medium to long term.
Erin Davis does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.