Macquarie’s First-Half Fiscal 2017 AUD 1.05 Billion Profit In Line. AUD 89 FVE Unchanged.
Macquarie Group’s first-half fiscal 2017 profit of AUD 1.05 billion is in line with our expectations and modestly above guidance. Net profit is down 2% on the very strong first-half fiscal 2016 and up 6% on second-half fiscal 2016, and was approximately 5% ahead of market consensus. First-half guidance was broadly in line with the AUD 993 million reported for second-half fiscal 2016. The result was supported by AUD 162 million decline in impairment expense, asset and investment sales and a modes...Macquarie Group is non-operating holding company. Through its subsidiaries, Co. provides banking, financial, advisory, investment and funds management services. Co.'s principal activities include distribution and manufacture of funds management products; trading in fixed income, equities, currency, commodities and derivative products; corporate and structured finance, advisory, underwriting, facilitation, broking and real estate/ property development; and banking activities, mortgages and leasing. As of Mar 31 2016, Co. had total assets of A$196.76 billion and total deposits of A$52.25 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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