Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Macquarie Group Ltd (ASX:MQG) FY19 Profit Update

Macquarie Group Ltd (ASX:MQG) updated the market this morning about the progress of FY19.

Macquarie Group Ltd (ASX: MQG) updated the market this morning about the progress it has made in its 2019 financial year (FY19).

Macquarie Group is the fifth largest bank on the ASX, it’s a diversified financial business with asset management, finance, banking, advisory, risk and capital solutions. It operates in every continent.

What did Macquarie say?

[emaillocker]

Macquarie said in its investor presentation that in the first quarter (Q1) of its FY19 its businesses are performing well and in-line with expectations. Whilst the operating profit was higher than a year ago, it was less than the fourth quarter of FY18.

Macquarie is the world’s leading global infrastructure manager, based on assets under management (AUM), according to the Willis Towers Watson Global Alternatives Survey 2017. At June 2018 it had $534.1 billion of AUM, an 8% rise compared to March 2018.

Macquarie said the asset management division continues to have a strong base and performance fees – it accounted for a third of profit last year.

Macquarie’s management expects the first half result of FY19 will be similar to the first half of FY18, assuming no negative conditions occur. In FY18 Macquarie reported profit growth of 15% year on year.

[/emaillocker]

The Best* Finance Podcast On Earth

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes,  CastboxYouTube or wherever you choose to listen.

*as voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content