Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. The firm generates its other revenue from fees, commissions, and insurance premiums. By segment, retail and business banking, which includes smaller businesses, generates more than half of the company's revenue, and corporate and investment banking accounts for more than a quarter of the company's total revenue. The remaining revenue comes from insurance, asset management, and wealth management.
Johannesburg, GT, 2196, South Africa