Tag: MQG

Macquarie Group shares were hammered yesterday after it revealed that the increased volatility in financial markets since April has had an unquantified impact on its business.

The greedy analysts had talked Macquarie Group prospective earnings up in recent weeks, and then down, when yesterday’s update fell short of their estimates.

2008 ended up being something of a struggle for Macquarie Group, with factors outside its control conspiring to make conditions in the second half to March 31 pretty tough.

It’s not often you see Macquarie Bank/Group blink and retreat from lending people money.

Shares in Australian investment bank, Macquarie Group (MQG) finished on a three-year low of $48.55 today after the company said it will wind-back its residential mortgage business due to funding costs.

Nervous times for Macquarie Group, the bank that was once called Macquarie Bank, but which restructured only last year and in the process lost executive chairman, David Clarke and yesterday long time CEO, Allan Moss.

After the hefty sell-down of Macquarie Group (MQG) shares yesterday, brokers are now encouraging investors to buy stock in the investment bank.

Macquarie Group (MQG) fell by more than 9% today after the investment bank announced the retirement of its managing director and chief executive, Allan Moss.

A positive thumbs down for the second half outlook from Macquarie Bank, despite it reporting record interim earnings with a 45% rise in profit to top the billion dollar mark for the first time.

The recently re-listed holding company Macquarie Group (MQG), fell by as much as 5.1 percent today after it said its full-year earnings may come in lower than expected, based on its second-half earnings forecast.

Macquarie Group (MQG) fell by as much as 5.17% on its debut as a new company today.

By the end of the day yesterday, some of the early enthusiasm for Macquarie Bank shares had been extinguished.

Macquarie Bank has raised $750 million from a placement to the professional end of the market and is looking to tap smaller shareholders for up $348 million.

By any measure the image of Macquarie Bank in the market is of an entrepreneurial financial services company with ambitious plans and a fairly adventurous approach to doing business.

Not for the first time Macquarie Bank's operational update failed to convince the market.