1. Things can change really quickly, warns Macquarie CEO  The Australian Financial Review
  2. Macquarie ready to pounce on cheap assets if markets turn  Sydney Morning Herald
  3. Macquarie Group first-half profit falls 32% amid uncertain recovery  The Australian
  4. Macquarie's got a lot riding on Nuix  The Australian Financial Review
  5. Macquarie (ASX:MQG) share price under pressure after 32% profit drop  Motley Fool Australia
  6. View Full coverage on Google News
The group believes a situation where house prices tumble 20 per cent and unemployment rises to 9.5 per cent is still a possibility.The group believes a situation where house prices tumble 20 per cent and unemployment rises to 9.5 per cent is still a possibility.

Australian Financial Review

Macquarie's CEO Shemara Wikramanayake is not concerned about political turmoil in the United States, but said the bank is ready pounce if asset prices fall.Macquarie's CEO Shemara Wikramanayake is not concerned about political turmoil in the United States, but said the bank is ready pounce if asset prices fall.

The Macquarie share price is up slightly in early trade. The bank has beaten guidance, but still reported a 32% reduction in net profits.The Macquarie share price is up slightly in early trade. The bank has beaten guidance, but still reported a 32% reduction in net profits.

Macquarie (ASX:MQG) share price under pressure after 32% profit drop // Motley Fool Australia

NoCookies | The Australian

The $34 bln Aussie financial conglomerate suffered a 32% fall in half-year net profit as its investment bank generated a rare loss. Boss Shemara Wikramanayake likes to trumpet the array of revenue sources, but even done well, the business model provides only so much of a buffer.The $34 bln Aussie financial conglomerate suffered a 32% fall in half-year net profit as its investment bank generated a rare loss. Boss Shemara Wikramanayake likes to trumpet the array of revenue sources, but even done well, the business model provides only so much of a buffer.

Macquarie hits limits of diversification – Breakingviews

Macquarie Group says it can't estimate future earnings amid the pandemic after reporting a 32 per cent decline in half-year profit.Macquarie Group says it can't estimate future earnings amid the pandemic after reporting a 32 per cent decline in half-year profit.

Macquarie shuns guidance after profit drop

Macquarie Group has joined its larger peers in cutting its dividend after a slide in earnings. The investment bank said on Friday that first-half earnings fell 32% to $985 million as at September 30 as impairments and other costs in its Key Capital arm rose thanks to the continuing ripples from the COVID-19 pandemic.

Macquarie Group Cuts Dividend As H1 Profit Falls 32% – ShareCafe

(Bloomberg) -- Macquarie Group Ltd. first-half profit fell to the lowest in six years amid the uncertain recovery from the coronavirus pandemic.Net income dropped 32% to A$985 million ($718 million) in the six months ended Sept. 30, the Sydney-based bank said Friday. That’s slightly better than the 35% decline the bank forecast in September. Credit and impairment charges rose to A$447 million due to the deterioration of economic conditions caused by the pandemic, the bank said.For more details from the earnings, click hereMacquarie said it was unable to provide an earnings forecast for the rest of the year. “Market conditions are likely to remain challenging, especially given the significant and unprecedented uncertainty caused by the worldwide impact of Covid-19 and the uncertain speed of the global economic recovery,” it said in a statement.The profit plunge comes as Australia’s largest investment bank and infrastructure manager navigates a prolonged global downturn amid a resurgence of the coronavirus. In Europe, where Macquarie gets more than a quarter of its revenue, the U.K. has re-entered a lockdown, while governments from Italy to Greece have announced new curbs to stop travel and to limit the spread of the virus.Macquarie’s markets-facing units, which account for about a third of earnings, bore the brunt of the profit drop, slumping 42% from a year earlier to A$672 million. Macquarie Capital recorded a A$189 million loss as the pandemic caused “significantly lower” income from equity investments and lower fees from reduced M&A activity. Credit provisions increased due to a “small number” of underperforming loans.Profit in the annuity-style businesses slipped 7% to A$1.6 billion. A drop in asset management performance fees, lower income from plane leasing and an increase in impairments offset the sale of the air finance and European rail businesses. Banking and financial services profit was impacted by higher impairment charges and a lift in employee and technology costs.Macquarie shares rose as much as 2.9% in early Sydney trading. The stock has surged almost 90% from the lows reached in March.The bank will pay a first-half dividend of A$1.35 per share, down from A$2.50 a year ago.(Adds share price in 7th paragraph. An earlier version of this story corrected the time period in the headline.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.(Bloomberg) -- Macquarie Group Ltd. first-half profit fell to the lowest in six years amid the uncertain recovery from the coronavirus pandemic.Net income dropped 32% to A$985 million ($718 million) in the six months ended Sept. 30, the Sydney-based bank said Friday. That’s slightly better than the 35% decline the bank forecast in September. Credit and impairment charges rose to A$447 million due to the deterioration of economic conditions caused by the pandemic, the bank said.For more details from the earnings, click hereMacquarie said it was unable to provide an earnings forecast for the rest of the year. “Market conditions are likely to remain challenging, especially given the significant and unprecedented uncertainty caused by the worldwide impact of Covid-19 and the uncertain speed of the global economic recovery,” it said in a statement.The profit plunge comes as Australia’s largest investment bank and infrastructure manager navigates a prolonged global downturn amid a resurgence of the coronavirus. In Europe, where Macquarie gets more than a quarter of its revenue, the U.K. has re-entered a lockdown, while governments from Italy to Greece have announced new curbs to stop travel and to limit the spread of the virus.Macquarie’s markets-facing units, which account for about a third of earnings, bore the brunt of the profit drop, slumping 42% from a year earlier to A$672 million. Macquarie Capital recorded a A$189 million loss as the pandemic caused “significantly lower” income from equity investments and lower fees from reduced M&A activity. Credit provisions increased due to a “small number” of underperforming loans.Profit in the annuity-style businesses slipped 7% to A$1.6 billion. A drop in asset management performance fees, lower income from plane leasing and an increase in impairments offset the sale of the air finance and European rail businesses. Banking and financial services profit was impacted by higher impairment charges and a lift in employee and technology costs.Macquarie shares rose as much as 2.9% in early Sydney trading. The stock has surged almost 90% from the lows reached in March.The bank will pay a first-half dividend of A$1.35 per share, down from A$2.50 a year ago.(Adds share price in 7th paragraph. An earlier version of this story corrected the time period in the headline.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Macquarie First-Half Profit Slumps on Bad-Debt Provisions

By Stuart Condie SYDNEY--Macquarie Group Ltd.'s first-half net profit fell by 32% as Australia's biggest investment bank and asset manager absorbed higher credit and other impairment charges... | November 6, 2020By Stuart Condie SYDNEY--Macquarie Group Ltd.'s first-half net profit fell by 32% as Australia's biggest investment bank and asset manager absorbed higher credit and other impairment charges... | November 6, 2020

Macquarie Group's 1st Half Profit Falls 32% on Pandemic Impacts -- Update | MarketScreener

Macquarie Group reported $985 million in net profit for the six months ending September, 23% lower than the previous half and 32% lower than same period last year.Macquarie Group reported $985 million in net profit for the six months ending September, 23% lower than the previous half and 32% lower than same period last year.

Macquarie profits slide 32% | Financial Standard

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Macquarie Group Ltd (ASX:MQG) shares will be on watch today after the global investment bank reported its FY21 half-year result. Macquarie Group Ltd (ASX:MQG) shares will be on watch today after the global investment bank reported its FY21 half-year result. 

HY21: Macquarie (ASX:MQG) shares on watch after report | Rask Media

A look at the Macquarie Group Ltd (ASX:MQG) share price. The Sydney-based banking giant recently announced its financial results for 1H21 and it appears to have bucked the trend of other Australian banks by seeing profits increase...A look at the Macquarie Group Ltd (ASX:MQG) share price. The Sydney-based banking giant recently announced its financial results for 1H21 and it appears to have bucked the trend of other Australian banks by seeing profits increase...

Macquarie Group Share Price up on Increased Earnings (ASX:MQG)

Australian financial conglomerate Macquarie Group Ltd on Friday said first-half net profit dropped 32% due to delayed deals and a rise in impairment charges that led to the first-ever loss in its investment banking unit.Australian financial conglomerate Macquarie Group Ltd on Friday said first-half net profit dropped 32% due to delayed deals and a rise in impairment charges that led to the first-ever loss in its investment banking unit.

UPDATE 3-Australia's Macquarie posts first-ever investment banking loss; beats 1H guidance | Reuters

Australian financial conglomerateMacquarie Group Ltd on Friday said first-half netprofit dropped 32% due to delayed deals and a rise in impairmentcharges that led to the first-ever loss in its investmentbanking unit.Australian financial conglomerateMacquarie Group Ltd on Friday said first-half netprofit dropped 32% due to delayed deals and a rise in impairmentcharges that led to the first-ever loss in its investmentbanking unit.

UPDATE 3-Australia's Macquarie posts first-ever investment banking loss; beats 1H guidance | Reuters

[SYDNEY] Australian financial conglomerate Macquarie Group on Friday said first-half net profit dropped 32 per cent due to delayed deals and a rise in impairment charges that led to the first-ever loss in its investment banking unit. Read more at The Business Times.[SYDNEY] Australian financial conglomerate Macquarie Group on Friday said first-half net profit dropped 32 per cent due to delayed deals and a rise in impairment charges that led to the first-ever

Macquarie posts first-ever investment banking loss; beats H1 guidance, Banking & Finance - THE BUSINESS TIMES

Macquarie Group's 1st Half Profit Falls 32% on Pandemic Impacts — Update | Morningstar

Macquarie Group has reported a 32 per cent dive in half-year profit after the impact of the coronavirus caused the bank to write down the value of assets such as its aircraft leasing operations. The bank’s $985 million net profit for the six months to September 30 was a reduced one due to $447 million...

Macquarie shuns guidance after profit drop - The Bull