Macquarie’s 3Q18 Trading Update Impresses Again. AUD 110 FVE Unchanged
There is no change to our positive view and AUD 110 fair value estimate following Macquarie Group’s typically strong third-quarter fiscal 2018 update. The no-moat diversified global financial services business continues to benefit from structural growth opportunities with fiscal 2018 earnings guidance upgraded “to be up approximately 10% on FY17†from previous guidance “to be slightly up on FY17.†We maintain our above-consensus fiscal 2018 earnings forecast of AUD 2.47 billion, which if achieve...
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.