Macquarie Group – 1H22 Earnings

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.

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.