Michael Miller, CFA

Company Reports

RKT

Rocket Companies Inc Ordinary Shares Class A

The Acquisitions of Mr. Cooper Group and Redfin Made Rocket a Mortgage Giant

The Acquisitions of Mr. Cooper Group and Redfin Made Rocket a Mortgage Giant

Michael Miller, CFA Jul 10, 2026
ICE

Intercontinental Exchange Inc

ICE's Strong Futures Trading More Than Offsetting Mortgage Technology Headwinds

ICE's Strong Futures Trading More Than Offsetting Mortgage Technology Headwinds

Michael Miller, CFA Jul 6, 2026
BFH

Bread Financial Holdings Inc

Credit Costs Have Been a Headwind for Bread, but Credit Trends Point to Stabilization

Credit Costs Have Been a Headwind for Bread, but Credit Trends Point to Stabilization

Michael Miller, CFA Jul 2, 2026
COIN

Coinbase Global Inc Ordinary Shares - Class A

Coinbase Faces Challenging Conditions in 2026 as Cryptocurrency Prices Fall

Coinbase Faces Challenging Conditions in 2026 as Cryptocurrency Prices Fall

Michael Miller, CFA Jun 25, 2026
SYF

Synchrony Financial

Better Credit Results and Net Interest Margin Offsetting Synchrony's Low Loan Growth

Better Credit Results and Net Interest Margin Offsetting Synchrony's Low Loan Growth

Michael Miller, CFA Jun 22, 2026
AFRM

Affirm Holdings Inc Ordinary Shares - Class A

Strong Demand for Buy Now, Pay Later Drives Higher Volume and Improving Margins for Affirm

Strong Demand for Buy Now, Pay Later Drives Higher Volume and Improving Margins for Affirm

Michael Miller, CFA Jun 18, 2026
ALLY

Ally Financial Inc

We Expect Improved Results From Ally as It Moves Past Challenging Conditions

We Expect Improved Results From Ally as It Moves Past Challenging Conditions

Michael Miller, CFA Jun 18, 2026
SOFI

SoFi Technologies Inc Ordinary Shares

Raising Our Moat Rating for SoFi to Narrow on Its Strong Deposit Base and Increasing Switching Costs

Raising Our Moat Rating for SoFi to Narrow on Its Strong Deposit Base and Increasing Switching Costs

Michael Miller, CFA Jun 15, 2026
AXP

American Express Co

American Express Maintains Impressive Momentum in New Card Acquisition and Loan Growth

American Express Maintains Impressive Momentum in New Card Acquisition and Loan Growth

Michael Miller, CFA Jun 9, 2026
COF

Capital One Financial Corp

Capital One's Credit Costs Have Improved, but Integrating Discover Will Be the Focus for 2026

Capital One's Credit Costs Have Improved, but Integrating Discover Will Be the Focus for 2026

Michael Miller, CFA Jun 9, 2026
ITUB

Itau Unibanco Holding SA ADR

Itaú Unibanco Is in a Strong Position as Inflation Moderates

Itaú Unibanco Is in a Strong Position as Inflation Moderates

Michael Miller, CFA May 6, 2026
CBOE

Cboe Global Markets Inc

Cboe Global Markets: Increasing Our Fair Value Estimate Following Earnings

Cboe Global Markets: Increasing Our Fair Value Estimate Following Earnings

Michael Miller, CFA May 4, 2026
BSAC

Banco Santander Chile ADR

Banco Santander Chile's Profitability Has Mostly Recovered but Lower Inflation Will Be a Headwind

Banco Santander Chile's Profitability Has Mostly Recovered but Lower Inflation Will Be a Headwind

Michael Miller, CFA Apr 30, 2026
MELI

MercadoLibre Inc

MercadoLibre's Platform Investments Drive Competitive Strength and Rapid Revenue Growth

MercadoLibre's Platform Investments Drive Competitive Strength and Rapid Revenue Growth

Michael Miller, CFA Apr 28, 2026
CME

CME Group Inc Class A

CME Benefits From Volatile Markets Through High Trading Volume and Revenue

CME Benefits From Volatile Markets Through High Trading Volume and Revenue

Michael Miller, CFA Apr 20, 2026
NU

Nu Holdings Ltd Ordinary Shares Class A

Nubank Is Driving Growth by Exporting Its Cost-Advantaged Digital Model to New Markets

Nubank Is Driving Growth by Exporting Its Cost-Advantaged Digital Model to New Markets

Michael Miller, CFA Apr 1, 2026
BBD

Bank Bradesco SA ADR

Profitability Is Recovering, but Banco Bradesco Still Faces Headwinds

Profitability Is Recovering, but Banco Bradesco Still Faces Headwinds

Michael Miller, CFA Mar 30, 2026
BCH

Banco De Chile ADR

Economic Risks for Banco de Chile Are Decreasing as Inflation Falls and Credit Costs Remain Modest

Economic Risks for Banco de Chile Are Decreasing as Inflation Falls and Credit Costs Remain Modest

Michael Miller, CFA Feb 27, 2026
TW

Tradeweb Markets Inc

Tradeweb Benefits From Long-Term Tailwinds as Bond Markets Become Increasingly Electronic

Tradeweb Benefits From Long-Term Tailwinds as Bond Markets Become Increasingly Electronic

Michael Miller, CFA Feb 26, 2026
MQ

Marqeta Inc Class A

Marqeta Sees Strong Volume Growth, but Its Reliance on Block Remains a Serious Concern

Marqeta Sees Strong Volume Growth, but Its Reliance on Block Remains a Serious Concern

Michael Miller, CFA Feb 25, 2026
MKTX

MarketAxess Holdings Inc

MarketAxess Benefits From Secular Trends, but US Corporate Bond Trading Remains Highly Competitive

MarketAxess Benefits From Secular Trends, but US Corporate Bond Trading Remains Highly Competitive

Michael Miller, CFA Feb 10, 2026
NDAQ

Nasdaq Inc

Nasdaq Integrates Adenza as It Pursues Its Vision of Becoming a Diversified Technology Company

Nasdaq Integrates Adenza as It Pursues Its Vision of Becoming a Diversified Technology Company

Michael Miller, CFA Jan 29, 2026

More About Michael Miller

Michael Miller, CFA, is an equity analyst, financial services, for Morningstar. He covers consumer finance, financial exchanges, and financial-services firms.

Before joining Morningstar in 2020, Miller spent two years at a New York-based investment firm, conducting convertible-bond and asset-class research for the company's risk-management team.

Miller holds a bachelor's degree in economics from Northwestern University's Weinberg College and a Master of Business Administration from the New York University Stern School of Business.

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