- Macquarie Group‘s net income for the first half of the year was A$1.42 billion, a decrease of 39% from the previous year.
- The net income failed to meet the estimated A$1.69 billion.
- The interim dividend per share was A$2.55, which exceeded the estimated A$2.25.
- The net operating income was A$7.91 billion, a decrease of 8.3% from the previous year.
- This net operating income also missed the estimated A$7.79 billion.
- There were 8 buys, 6 holds, and 0 sells for Macquarie Group shares.
- These comparisons are based on values reported by the company in its original disclosures.
Macquarie Group on Smartkarma
Macquarie Group has received analyst coverage from independent investment research network Smartkarma, with Daniel Tabbush‘s research providing a bearish outlook on the company. According to Tabbush’s report, Macquarie Group is not a traditional Australian bank and is seeing far higher non-performing loan (NPL) growth than peers. Furthermore, the report states that the company is experiencing a substantial contraction in net interest margin (NIM) and greater risks of recession with higher rates for longer.
Tabbush’s report highlights that Macquarie Group is feeling the effects of higher rates for longer, and this could potentially hurt them more than their peers. As such, investors should be aware of the risks associated with Macquarie Group‘s current situation.
A look at Macquarie Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Macquarie Group Ltd. is a financial services provider with a long-term outlook. According to the Smartkarma Smart Scores, Macquarie Group has scored 3 out of 5 for Value, Dividend and Momentum, 4 out of 5 for Growth, and 2 out of 5 for Resilience. This indicates that Macquarie Group is well-positioned for the long-term, with its core services in banking, financial advisory, investment and funds management.
Macquarie Group offers a wide range of services, including financial advice, cash management, wealth management and private banking, life insurance, securities brokerage, corporate debt financing, real estate funds management, real estate development financing, investment funds management, and foreign exchange services. With its strong outlook and comprehensive range of services, Macquarie Group is well-positioned to provide customers with long-term financial solutions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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