Sean Dunlop, CFA | Morningstar

Morningstar

Featured

Goldman Sachs Earnings: Outstanding Results Underpin Market Exuberance

Sean Dunlop, CFA Jul 14, 2026

Financial Services: Rough Year for the Sector Amid AI Concerns and Private Credit Weakness

Sean Dunlop, CFA Jul 9, 2026

The Stablecoin Market Is Poised for Stratospheric Growth. Who Will Benefit, and Who Faces the Most Risk?

Sean Dunlop, CFA Jun 26, 2026

After Earnings, Is Schwab Stock a Buy, a Sell, or Fairly Valued?

Sean Dunlop, CFA Apr 23, 2026

Schwab Earnings: Cash Management Concerns Weigh on Stock Despite Robust Results

Sean Dunlop, CFA Apr 16, 2026

Company Reports

More From Sean Dunlop

Goldman Sachs Earnings: Strong Results Encounter Insatiable Expectations

We think Goldman Sachs stock is moderately overvalued.

Sean Dunlop, CFA Apr 14, 2026

What to Watch As Big Banks Start Reporting Q1 Earnings This Week

Major bank stocks are down in 2026, but there is a clear laggard and a relative outperformer.

Sean Dunlop, CFA Apr 13, 2026

Financial Services: Concerns About AI Disruption and Private Credit Weigh on Sector

LPL and Blackstone are some of our favored stocks in this sector.

Sean Dunlop, CFA Apr 1, 2026

Robinhood: Initiating Coverage with Narrow Moat Rating, But Stock Looks Expensive

We believe Robinhood has gathered the critical mass of client assets needed to achieve durable profitability.

Sean Dunlop, CFA Mar 27, 2026

Jefferies: SMBC Takeover Rumors Look Speculative for Now

We expect strong growth on the back of resurgent investment banking volumes when the bank reports earnings.

Sean Dunlop, CFA Mar 24, 2026

Wealth Management: Investors Should Maintain Exposure Despite AI Wobble

AI’s disruptive risk for this business is unclear, but we expect an impact similar to that of robo-advice.

Sean Dunlop, CFA Feb 10, 2026

After Earnings, Is Schwab Stock a Buy, a Sell, or Fairly Valued?

With expanding net interest margins and balance sheet growth, here’s what we think of Schwab’s earnings.

Sean Dunlop, CFA Jan 30, 2026

Charles Schwab Earnings: Sluggish Client Cash Recovery Our Only Gripe Amid Another Strong Quarter

We’ve slightly raised our fair value estimate of Schwab stock.

Sean Dunlop, CFA Jan 21, 2026

Financial Services: US Firms Performed Well in 2025, but Valuations Are Starting to Look Stretched

Among financial stocks, LPL Financial and Broadridge stand out to us.

Sean Dunlop, CFA Jan 16, 2026

Goldman Sachs Earnings: Valuations Remain Stretched, but We’re Appreciative of Recent Progress

We raise our fair value estimate for Goldman Sachs stock.

Sean Dunlop, CFA Jan 16, 2026

Morgan Stanley Earnings: Shares Priced for Perfection After Another Stellar Quarter

We’ve raised our fair value estimate of Morgan Stanley stock.

Sean Dunlop, CFA Jan 15, 2026

Wells Fargo Earnings: Tepid Outlook Weighs on Shares, but Underlying Progress Encouraging

We’ve slightly raised our fair value estimate of Wells Fargo stock.

Sean Dunlop, CFA Jan 15, 2026

Citigroup Earnings: Could This Time Really Be Different? Targets Look Achievable

We think Citigroup stock is moderately overvalued.

Sean Dunlop, CFA Jan 15, 2026

Bank of America Earnings: Looking Through Market Malaise, We See Opportunity

We’ve raised our fair value estimate of Bank of America stock.

Sean Dunlop, CFA Jan 14, 2026

Ahead of Earnings, Is Charles Schwab Stock a Buy, a Sell, or Fairly Valued?

Here’s what we’re watching ahead of Schwab’s fourth-quarter earnings report.

Sean Dunlop, CFA Jan 14, 2026

JPMorgan Earnings: Results Validate That Bank’s Prospects Look Outstanding, If Fully Priced

We’ve raised our fair value estimate of JPMorgan stock.

Sean Dunlop, CFA Jan 13, 2026

Goldman Sachs: Innovator ETF Acquisition Looks Rich, but Strategic Alignment Makes Sense

The move bolsters Goldman’s asset and wealth management business.

Sean Dunlop, CFA Dec 1, 2025

Schwab: Forge Global Acquisition Drives Firm Further Into Private Markets

Schwab’s push into private markets is a natural evolution of its brokerage and wealth management platform.

Sean Dunlop, CFA Nov 6, 2025

Jefferies Investor Day: Investors Sell First, Ask Questions Later Amid First Brands Exposure

We believe the First Brands exposure is relatively small, and solvency doesn’t appear to be a concern.

Sean Dunlop, CFA Oct 17, 2025

Charles Schwab Earnings: Firing on All Cylinders Amid Heavy Trading

We’ve raised our fair value estimate and changed our Uncertainty Rating for Charles Schwab stock.

Sean Dunlop, CFA Oct 16, 2025

36% Undervalued, This Upgraded Stock Is a Buy

This cheap wide-moat stock is a rare buy in an overvalued sector.

Sean Dunlop, CFA Oct 16, 2025

Goldman Sachs Earnings: Investment Banking Recovery Drives Strong Results

We’ve raised our fair value estimate of Goldman Sachs stock, but it still looks overvalued.

Sean Dunlop, CFA Oct 14, 2025

Jefferies Financial: Trimming Our Fair Value Estimate Due to First Brands Exposure

We now think Jefferies stock looks overvalued.

Sean Dunlop, CFA Oct 8, 2025

Financial Services: Stocks Continue to Outperform on Regulatory Support, Recovering Deal Activity

Charles Schwab and LPL are some of our top picks in this sector.

Sean Dunlop, CFA Oct 8, 2025

After Earnings, Is Schwab Stock a Buy, a Sell, or Fairly Valued?

With it’s increase in organic net new assets, here’s what we think of Schwab stock.

Sean Dunlop, CFA Jul 25, 2025

More About Sean Dunlop

Sean Dunlop, CFA, is a director, financial services, for Morningstar. He covers retail brokerage and investment banking stocks.

Before joining Morningstar in 2020, Dunlop worked with All Nations Sports Academy, a small nonprofit in the Houston area.

Dunlop holds a bachelor's degree in business economics and Spanish from Wheaton College. He also holds the Chartered Financial Analyst® designation.

Sponsor Center

Transparency is our policy. Learn how it impacts everything we do

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.

How we make money

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 personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

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.

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.