"Frist glance would appear a strong result."
While the market will probably agree with you, not sure I share that "strong result" characterisation:
The high-quality, and premium P/E, Annuity-type businesses - the one's that form the mainstay of MQG's valuation - went backwards; it was the volatile, low P/E , Trading type that out-performed due to the extraordinary volatility in energy markets.
I think its an OK result under the circumstances, but going forward they aren't going to have the free kick of selling derivative products into once-a-decade global oil and gas price volatility.
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News: MQG Macquarie quarterly profit boosted by strong commodities business , page-5
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Last
$233.49 |
Change
1.290(0.56%) |
Mkt cap ! $88.58B | |||
| Open | High | Low | Value | Volume |
| $231.55 | $233.67 | $231.22 | $120.4M | 520.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $233.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $233.50 | 139 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MQG (ASX) Chart |