Macquarie Upgrades Earnings Guidance Again
Narrow-moat Macquarie Group delivered another impressive first-half result, throwing some icing on the cake with guidance of a 10% earnings uplift on fiscal-year 2018. Continuing to benefit from a globally diversified business, the commodities and global markets business stood out with a 17% increase in operating income and a 32% increase in net profit contribution over the previous corresponding period, or pcp. Management guided to an interim dividend of AUD 2.15 per share, up on the first half...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.
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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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