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Macquarie Group Limited (MQBKY)
- Reuters
Australia's Macquarie says first-quarter operating performance flat, shares slide
(Reuters) -Top Australian investment bank Macquarie Group said on Thursday its first-quarter operating group contribution was broadly in line with last year, disappointing investors who sent its shares down as much as 3.9%. "The market has a fiscal 2025 net profit after tax forecast of A$4.11 billion ($2.70 billion) for Macquarie, which is up 17% from previous corresponding period, so arguably the first quarter result is a bit weak versus expectations," Morgans analyst Richard Coles wrote in a note. In a limited financial update alongside its annual meeting, Macquarie said the combined net profit contribution from its market-facing businesses for the quarter ended June 30 fell from last year, primarily due to timing of asset realisations in Macquarie Capital.
- Simply Wall St.
3 High-Yielding ASX Dividend Stocks With Yields From 3% To 9.9%
The Australian stock market experienced a downturn this week, with the ASX200 closing down 0.81% and all sectors finishing in the red. This recent volatility highlights the importance of considering stable, high-yielding dividend stocks as part of a diversified investment strategy, especially in times when market recalibrations impact broader economic sentiments.
- Simply Wall St.
We Think Some Shareholders May Hesitate To Increase Macquarie Group Limited's (ASX:MQG) CEO Compensation
Key Insights Macquarie Group will host its Annual General Meeting on 25th of July Total pay for CEO Shemara...
