Macquarie Group is under Algo Engine buy conditions and is a current holding in our model portfolio.
Macquarie Group (MQG.AX) has provided an update on its guidance, in which it now expects 1H22 NPAT to be slightly down on 2H21.
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The is a positive relative to the negative expectations that the market had for earnings to be down 10 – 15%.
A good outcome for the full year FY22 will be flat on FY21, which places MQG on 21x earnings and 3% dividend yield.
