Tag: ASX:MQG

Macquarie Group is now under Algo Engine buy conditions following the recent price retracement from $162 down to $148.

Macquarie Group recently announced a net profit after tax attributable to ordinary shareholders of $3.01bn for the year ended 31 March 2021 (FY21), up 10 percent on the year ended 31 March 2020 (FY20).

Macquarie Group are now guiding for FY21 to be slightly down on FY20. We take this to mean down 3 – 8% and note this is an improvement on the current consensus for FY21 NPAT to be down 23%.

MQG’s surplus capital position has increased to $8.1bn from 6.2bn.

Macquarie Group is under Algo Engine sell conditions and has overhead price resistance at the $135 level.

MQG reported 1H21 net profit of $985mn down 23% on the same time last year.

Macquarie Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

MQG reported a 24% fall in second-half net profit compared to the same period a year ago, to $1.27bn. Second-half impairment charges doubled to $900m.

Macquarie’s full year net income was down 8% to $2.7bn. We remain cautious on the deteriorating earnings and doubtful debt charges across the industry over the next six months.

Macquarie Group has sold off from $137 down to $114, following a software outlook for next year’s earnings.

Although it is unlikely they’ll deliver 17% EPS growth, it is probable that we’ll see growth within the 5 – 8% range, which will continue to ensure Macquarie Group’s shares remain attractive.

We have the stock trading on a 5% yield into FY20.

Text from a post last month…. Allowing for continued short-term selling in global markets, we suggest investors add MQG to their watch lists and look for the short term momentum indicators to reverse high within the $116 – $120 range. 

We’re now at the point described above. MQG is trading at $114 and looks like buying interest will build near the current price level.

Macquarie Group reported FY19 earnings today and group revenue was up 19% to $6.25bn and NPAT was up 17% $2.99bn.

MQG is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We forecast FY20 earnings to increase by 6%, placing the stock on a  forward yield of 4.8%.

Macquarie Group is a current holding in the ASX100 model portfolio.

Macquarie upgraded their earnings guidance for FY19 profit to be up 15% from a previous estimate of 10%.

Now that the ACCC has given the green light for Santos to acquire Quadrant Energy, MQG stands to collect about $500 million for their 22% stake in Quadrant.

Macquarie Group

Macquarie Group was added to the ASX model portfolios following the recent ALGO Engine buy signal at $115 on October 12th.

1H19 NPAT is up 5% on the same time last year, and importantly, the group has upgraded its guidance for FY19 profit to be up approximately 10%.

Macquarie Group

Shares of Macquarie Group posted an all-time high at $98.28 in early trade on a solid half-yearly result and the announcement of a $1 billion share buyback scheme.

The bank’s net profit for the six months to September 30th was up 19% at $1.25 billion, while net operating income was up 3.4% to $5.4 billion.

A key driver of the report was a 17% rise in fees and commission income from their US debt capital markets business.

It’s expected that the bank’s full-year results will be inline with last year’s $2.2 billion result, which means second-half could be slightly lower.

The interim dividend was lifted by 15 cents to $2.05 per share, 45% franked.

From a technical perspective, the sharply higher open has left a $2.00 gap from yesterday’s high of $94.39 to today’s low at $96.53. Typically, price gaps are filled but we don’t expect that to happen during today’s session.

Macquarie Group