macquarie big

Macquarie Group Limited

(MQG)

ASX

Recommendation:

Buy

Share Price:

AUD

Market Cap:

$

Macquarie: Not Quite a Buy Yet

6 December 2022

Macquarie Group have recovered strongly since bottoming out to fresh 12-month lows in October, and have continued to trade higher after reporting an interim half-year net profit of $2.3 billion, which is a -13% decline on its previous half-year period, but +13% percent higher than the half-year profit it reported this time last year - benefits of its diversified source of earnings helping a lot within a challenging environment. Looking forward, Macquarie Chief Shemara Wikramanayake said the company would maintain “a conservative approach” but was on the lookout for investment opportunities for its $30 billion in “dry powder”.

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Recommendation:

Buy

Share Price:

AUD

Market Cap:

$

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