Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

Shortly after Wells Fargo CEO John Stumpf gave an underwhelming defense in front of Congress of the bank's sales practices, the bank announced that he will be retiring immediately, to be replaced by Chief Operating Officer Tim Sloan. We are maintaining our fair value estimate of $62 and wide-moat rating.It remains to be seen if customers will defect en masse, but we believe the company's convenient branch network and otherwise healthy customer satisfaction--JD Power scores the bank average or better in all but one region of the country--will result in business stability. We expect Sloan to bring more detail-oriented oversight to the top job while not straying too far from the culture that led to Wells Fargo's relative success over the past several decades. We remind investors that the fraudulent practices did not contribute to the company's financial success.Analyst: Jim Sinegal

Shortly after Wells Fargo CEO John Stumpf gave an underwhelming defense in front of Congress of the bank's sales practices, the bank announced that he will be retiring immediately, to be replaced by Chief Operating Officer Tim Sloan. We are maintaining our fair value estimate of $62 and wide-moat rating.It remains to be seen if customers will defect en masse, but we believe the company's convenient branch network and otherwise healthy customer satisfaction--JD Power scores the bank average or better in all but one region of the country--will result in business stability. We expect Sloan to bring more detail-oriented oversight to the top job while not straying too far from the culture that led to Wells Fargo's relative success over the past several decades. We remind investors that the fraudulent practices did not contribute to the company's financial success.Analyst: Jim Sinegal

Wells Fargo Sales Scandal Ends Stumpf's Career

Wells Fargo & Co

Wells Fargo Sales Scandal Ends Stumpf's Career