Stock Strategist: Key Takeaways From Banks' First-Quarter Earnings

[Morningstar Logo]( [Company Site]( [Company News]( [Membership]( [Portfolio]( [Stocks]( [Options]( [Funds]( [ETFs]( [Markets]( [Tools]( [Personal Finance]( [Discuss]( Stock Strategist Key Takeaways From Banks' First-Quarter Earnings We're maintaining our call on the U.S. banks and will know a lot more by the second quarter. [tab_bar] by Eric Compton, CFA | 5/22/2020 1:00:00 PM The traditional U.S. banks we cover have finished reporting first-quarter results, and we have a lot more information than we did heading into earnings season. This remains an extremely difficult situation to analyze. Nobody knows exactly how the coronavirus and the economy will develop, and nobody knows what future credit losses will be. Even so, after reviewing the latest disclosures and rerunning our scenario analysis, we still think the traditional U.S. banks are undervalued. While much of the market has generally recovered to some degree, many of the banks have not. In a market where bargains are more difficult to find than several weeks ago, we think the banks are still worth considering. To read more, click [here](. Sponsored Links [Buy a Link Now]( Podcast: Investing Insights From Morningstar.com Listen to a roundup of the latest videos featured on Morningstar.com [in this podcast]( available through iTunes. Free Issue | Morningstar's Stock Newsletter >> Morningstar StockInvestor is celebrating more than 10 successful years of high-quality stock investing. Its two real-money portfolios have outperformed the S&P 500 since 2001. [Get new ideas for the core of your stock portfolio](. Search Most Recent Articles [OK, People: It's Time to Think Big]( [Should I Start Investing With Stocks or Mutual Funds?]( [A Top-Rated Target-Date Series With Tactical Acumen]( Latest Analyst Reports [Nordson]( [W.R. Berkley]( [Aurora Cannabis]( [Amgen]( [Baidu]( ABOUT OUR EMAIL TO UNSUBSCRIBE this email address to the Stock Strategist newsletter, please click "reply" and then click "send." This will unsubscribe only this email address to this specific newsletter. All subscription changes will take effect within one business day. Replies are not read by individuals, so please do not use this for queries about Morningstar.com. If you have questions about Morningstar.com or your membership, send a note to [joe@morningstar.com](mailto:%20joe@morningstar.com). ABOUT OUR PRIVACY POLICY Please [click here]( to learn about Morningstar's privacy policy. (c) Copyright 2020. Morningstar, Inc. 22 West Washington Chicago, Illinois, 60602 All rights reserved.