Macquarie Group – FY19 Earnings

Macquarie Group reported FY19 earnings today and group revenue was up 19% to $6.25bn and NPAT was up 17% $2.99bn.

MQG is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

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We forecast FY20 earnings to increase by 6%, placing the stock on a  forward yield of 4.8%.



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