Macquarie Group Ltd
MQG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$836.00 | Qyprysn | Tpsbmjhvd |
Macquarie's Outlook Remains Positive as Profits Race Higher Late in Fiscal 2020
Business Strategy and Outlook
Macquarie Group is a global asset manager which has spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.