Morningstar Equity and ETF Research Now Accessible via National Bank Direct Brokerage
National Bank Direct Brokerage is proud to offer clients access to independent research from internationally renowned investment firm Morningstar to better meet the needs of do-it-yourself investors. The Analysis section of its transaction site has been completely revamped and upgraded to offer a wide range of independent, analyst-driven research on Canadian, U.S. and international equities and exchange-traded funds.
Morningstar research is now available alongside National Bank Financial’s in-house research to provide at-a-glance access to all the financial information investors may need. The Morningstar Rating for stocks rates stocks on a scale of 1 to 5 stars, with 1 star assigned to the most overvalued stocks and 5 stars assigned to the most undervalued stocks. Users will also have access to additional ratings, including the Morningstar Economic Moat™ Rating, Morningstar Fair Value Estimate, and Morningstar Uncertainty Rating. The Morningstar Economic Moat Rating has become a cornerstone of Morningstar equity research, representing Morningstar’s assessment of the long-term durability of a firm’s competitive advantages. The Morningstar Fair Value Estimate is the Morningstar analyst’s estimate of the intrinsic value of a stock, based upon his or her long-term fundamental analysis. The Morningstar Uncertainty Rating is a measure of the level of certainty applied to the Morningstar Fair Value Estimate for a given stock.
About National Bank Direct Brokerage
National Bank Direct Brokerage is a wholly owned subsidiary of National Bank of Canada. National Bank Direct Brokerage offers no advice and makes no investment recommendations. The client alone is responsible for the financial consequences of his or her investment decisions. National Bank Direct Brokerage is a member of the Canadian Investor Protection Fund.
Morningstar is one of the largest independent research groups in the world, with 120 equity and credit analysts. Its research team produces a multitude of in-depth analysis reports covering more than 1,800 companies and 475 ETFs, including 98% of the companies that make up the TSX 60.
About National Bank of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. As at January 31, 2012, National Bank has over CDN$175 billion in assets in accordance with IFRS and, together with its subsidiaries, employs 19,785 people. The Bank’s securities are listed on the Toronto Stock Exchange (TSX: NA). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank of Canada’s financial literacy portal, visit www.clearfacts.ca.
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