Protestantism is a form of Christian faith and practice which originated with the Protestant Reformation,[a] a movement against what its followers considered to be errors in the Roman Catholic Church. It is one of the three major divisions of Christendom, together with Roman Catholicism and Eastern Orthodoxy. Anglicanism is sometimes considered to be independent from Protestantism.[b] The term derives from the letter of protestation from Lutheran princes in 1529 against an edict condemning the teachings of Martin Luther as heretical. 

All Protestant denominations reject the notion of papal supremacy over the Church universal and generally deny the Roman Catholic doctrine of transubstantiation, but they disagree among themselves regarding the real presence of Christ in the Eucharist. The various denominations generally emphasize the priesthood of all believers, the doctrine of justification by faith alone (sola fide) rather than by or with good works, and a belief in the Bible alone (rather than with Catholic tradition) as the highest authority in matters of faith and morals (sola scriptura). The "Five solae" summarize the reformers' basic differences in theological beliefs in opposition to the teaching of the Roman Catholic Church of the day.
What about faith and morals?
matters of faith and morals (sola scriptura).