Previous close | 122.01 |
Open | 124.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 122.19 - 124.00 |
52-week range | 100.27 - 133.85 |
Volume | |
Avg. volume | 8,001 |
Market cap | 47.618B |
Beta (5Y monthly) | 1.12 |
PE ratio (TTM) | 17.22 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 4.71 (3.93%) |
Ex-dividend date | 14 Nov 2023 |
1y target est | N/A |
(Bloomberg) -- Macquarie Group Ltd.’s earnings missed estimates as a plunge in profit from its commodities and global markets business dragged on the Australian firm’s performance.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America, the Stock Market Has Alread
SYDNEY (Reuters) -Top Australian investment bank Macquarie Group reported its annual profit fell by a third, the sharpest decline in 15 years, as stabilising energy markets hammered its commodities trading unit and it made less money selling green energy assets. The result on Friday came after several years of blockbuster profits from the financial giant's commodities division, which had benefited from unusually volatile European energy markets after Russia's invasion of Ukraine and heightened demand for oil and gas in North America. Profit from the Sydney-based company's main earner fell 47% in the year ended March 31.
Australia's Macquarie Group launched on Monday an EV financing platform for India that will focus 95% of its $1.5 billion investment on electrifying fleets of commercial vehicles. The platform, called Vertelo, will offer financing, fleet management and charging infrastructure solutions, its chief executive Sandeep Gambhir said at the launch. The remaining 5% of investment will go towards charging infrastructure and other requirements.