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MQG - MACQUARIE GROUP LIMITED


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On 1/4/2022 at 9:08 PM, nipper said:

Macquarie Group hit a record high of $211.73, and closed up 2.9 per cent to $211.

Macquarie came out with a firing on all cylinders Annual Report, a $3.50 dividend ... but has been sold down, along with the rest of the market and is now $176 (was over $200 when results came announced).

Macquarie did well out of the COVID 19 disruption to supply chains. Its commodities and global markets arm profited from the disruption to energy markets and its Green Investment Group delivered $850 million in profits from riding the green transition.


Commodities and global markets was the standout division in 2022, with profits up 50 per cent to $3.89 billion, buoyed by the 32 per cent increase in operating income to $6.17 billion. The group’s private markets investments were positioned for a structural shift, in line with investors having growing amounts of savings and looking for places to invest [them] where they can get defensive, income producing assets that also deliver a superior return to what they can get in fixed income and equities.

Macquarie Capital delivered a net profit contribution of $2.4 billion, up 269 per cent, on significantly higher fees from M&A and DCM activities. Investment related income was also sharply higher due to asset realisations in the green energy, technology and business services areas, as well as an increase in its private credit portfolio.

The banking and financial services division, which competes with the big four banks in the ultra-competitive home loans space, was up 30 per cent to $1.001 billion. Macquarie has outpaced the growth of its larger competitors over the past 12 months, to deliver strong growth in home loans.

International businesses made up 75 per cent of the total earnings, with the Americas contributing 48 per cent and Australia around a quarter, highlighting the strength of their  geographical composition.

 

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