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Sydnee Gatewood
Sydnee Gatewood
Articles (2960) 

John Rogers Comments on BOK Financial

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October 30, 2020 | About:

Lastly, shares of niche banking services provider, BOK Financial Corporation (NASDAQ:BOKF) declined on mixed earnings results. Robust fee income growth and solid cost containment drove performance during the quarter. However, investor concerns over a larger than expected loan loss provision driven by negative credit migration in the energy loan book resulted in an overhang on shares. In our view, the macro low rate environment will prove to be less important for BOKF than the positive impact of its diversified business model, underwriting disciplines and the experienced management team led by Chairman and majority owner George Kaiser.

From John Rogers (Trades, Portfolio)' Ariel Focus Fund third-quarter 2020 commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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