Tag: MQG

The Macquarie Group money-making machine seems to be losing momentum, judging by the 2019-20 interim result and weak forecast released on Friday (November 1).

Macquarie Group has stuck to its profit 2019-20 guidance, confirming its May advice that it still sees the March 31, 2020, full-year result “slightly down” on 2018-19.

The banking regulator APRA has given three major banks, including the high profile Macquarie a whack by threatening to impose tougher funding rules on them after a review found that the trio misstated the stability of their funding that could have seen them forced to the brink of collapse in the events of another GFC-like event.

After posting profit of $2.98bn in FY19 Macquarie Group has somewhat unsettled investors by suggesting FY20 outcomes could be more subdued.

Macquarie has boosted annual dividends to $5.75 a share after reporting a 17% rise in net earnings for the year, but at the same time warned the surge won’t be continued this financial year.

Macquarie Group sees annual profit jumping 15% to record levels when the books are ruled off for the 2018-19 year on March 31.

Macquarie Group has forecast that its full-year result for the year to next March 31 will be up about 10% on the previous year after reporting a 5% rise in first-half net profit on Friday.

Macquarie Group has confirmed it expects its 2018-19 to be broadly in line with the previous year’s record $2.56 billion profit.

Macquarie Group’s Nicholas Moore will retire as managing director and chief executive after a decade at the helm of the group, and be replaced by the highly rated Shemara Wikramanayake, the current group head of Macquarie Asset Management which she built into the company’s most reliable earnings provider.

Investors ignored everything in yesterday’s sell-off, including Macquarie Group’s forecast of a higher than expected 2017-18 profit for the year to March 31.

Macquarie Group shares hit an all time high in Friday’s session after the country’s 5th biggest bank revealed a better than expected profit, a higher dividend and a $1 billion buyback.

Macquarie Group (MGQ) has delivered an upbeat assessment of income in its first-half ahead of ruling off the books on September 30 (along with its bigger peers, ANZ, NAB and Westpac).

Macquarie Group says it expects to make another annual profit of around $2.2 billion despite the impact of the federal government’s new bank levy, and it made sure shareholders at yesterday’s annual meeting heard a lot more about the iniquities of the levy and less about the group’s performance.

Macquarie Group has moved deeper into commodities with its second deal with US group, Cargill in as many months – this time to by the American commodities giant’s North American power and gas trading business. The deal comes just under three months after Macquarie bought Cargill’s oil trading business for an undisclosed amount.

Macquarie Group (MQG) is reported to be close to buying the global oil business of US commodity giant, Cargill Inc.

Nothing startling from the Macquarie Group (MQG) trading update yesterday with the bank telling investors that it is on track to broadly match last year’s record earnings.

It was very hard to get an accurate read from the market yesterday on what seemed to be a small downgrade to Macquarie Group’s (MQG) first half guidance.

Australia’s largest investment bank, Macquarie, has confirmed it earned a record result in 2015-16, but has hauled back on expectations for a better result in the current financial year.

Macquarie shares rose 0.7% to $64.68 yesterday (it was up 1.7% at one stage) as it used a now traditional venue – a Hong Kong investor conference – to update the market in guidance for the 2015-16 financial year which ended last Thursday.

The Australian investment community is a curious beast – it blindly cheers companies doing well without question, then at the first hint of a problem, out comes the ‘sell orders’ and there’s a brutal realignment which quite often is nothing more than an overreaction by hedge funds looking for an easy turn in a falling market by shorting the shares in question.

There’s nothing like a big deal and a profit upgrade which suggests a record near $2 billion full year profit from Macquarie Group (MQG), to get investors salivating.

A second upgrade to Macquarie’s (MQG) interim results yesterday, just over two weeks before the bank rules off its interim financial results. The first upgrade came at the annual meeting in late July, the second yesterday at an investment conference in Hong Kong (a regular event for Macquarie updates at this time of year).

Macquarie Group (MQG) shares hit fresh eight-year highs yesterday after bullish earning’s comments at the company’s annual meeting in Sydney set the shares alight in early trading.

There is nothing for local investors in mainstream banks to read into the solid full year profit reported this morning by investment bank and global fund manager, Macquarie (MQG).

Macquarie Group (MQG) shares jumped more than 5% yesterday after a surprise boost to its full year profit forecast.

Macquarie Group (MQG) is expecting a small improvement in net earnings for the year to March 31, that hasn’t come as a result of the return of volatility to financial markets.

Macquarie Group (MQG) shares fell 3% yesterday after the company surprised with a weak trading update at the company’s AGM in Sydney.

Now the annual results of Macquarie Group (MQG) continue to attract attention, with the question now being, is this as good as it will get this time around, or is there something more in the tank?

Macquarie Group (MQG) will have a better final quarter than many of its larger peers on Wall Street and in Europe and Japan, judging by the Australian bank’s near end of financial year trading update yesterday.

Should you be wary of the latest hybrid fund raising offer from a bank which emerged yesterday? It all depends on what you want from such an issue (and if you want it at all). The end decision is yours, and it will pay to do your homework.

We should not have been surprised.

A gentle fudge from Macquarie Group yesterday with its latest operational update?

Investors sent shares in Macquarie Group Lower yesterday, punishing the bank for a second day after Monday’s surprise 25% earnings downgrade.

Macquarie Group’s profit downgrade yesterday should be looked at as a big canary in the coal mine sort of warning for the rest of the world’s investment and asset trading banks like Goldman Sachs, Bank of America and JPMorgan.