News: MQG Macquarie quarterly profit boosted by strong commodities business , page-9

I disagree Madamswer. A likely record result in FY23 is a great result. By having a diversified portfolio of businesses they can deliver even when others in the merchant banking world can't.

Some time back I suggested their commodities business would under pin a strong result for them this year and guess what - it did.

Yes in the future this may no always be the case but in the future their main stream business will be back doing annuity type deals, and thriving in the M&A world, especially in green energy.

MQG is taking a serious position in the renewables and Green energy space and whilst I am no greenie by any means, stopping this immovable force globally is impossible and MQG will make billions out of facilitating deals in the space.

I am a long term holder and this gives me no reason to sell as many did in the last 12 months. Many "experts" here predicting MQG going back sub $100 will be checking their tea leaves before they make such predictions again.