I like the following excerpt from the AFR re MQG's potential.
Money is green.
Its most opaque operating group, Macquarie Capital, recently spun out ASX tech star Nuix for $1.8 billion. But the 2017 deal to buy the UK’s Green Investment Bank (GIB) for £2.3 billion ($4.3 billion) has the trappings of a bigger long-term winner.
Ownership of the bank is the perfect platform to attract the vastest sums of public and private money seeking green investments, with the GIB working on principal or syndicated lending, advisory work, asset, or debt financing.
Given the green tailwinds and Macquarie’s expertise, the future fee-earning workflow is frightening in size.
Macquarie Capital still makes up a small proportion of earnings, and since the global financial crisis Macquarie has really evolved into an asset manager that does some investment banking on the side, but the sideline in green investment looks a long-term winner.
In slapping an “overweight” rating and $160 valuation on the shares on Wednesday, Morgan Stanley said decarbonisation, digitalisation, and urbanisation are three mega-trends the bank is positioned to win from
News: MQG UPDATE 1-Macquarie's markets-facing Q3 profit rises on trading boost, page-19
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Last
$200.17 |
Change
0.335(0.17%) |
Mkt cap ! $76.56B | |||
| Open | High | Low | Value | Volume |
| $199.50 | $200.71 | $198.24 | $46.68M | 233.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 81 | $200.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $200.21 | 87 | 8 |
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| Last trade - 14.01pm 08/08/2024 (20 minute delay) ? |
| MQG (ASX) Chart |