For regular listeners to our weekly webinar series, you’d be aware of our negative outlook on Macquarie Bank and the overhead resistance at $130 per share.
1H21 profit guidance is now 35% lower than the same time last year, this implies 1H21 profit of $950mn.
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There may be room for a slight improvement in the 2H21, due to asset sales but the outlook for full year earnings remain well below FY20 levels.
