Business
What bulls and bears say about the Macquarie (ASX:MQG) share price
Macquarie Group Ltd (ASX: MQG) provided an earnings upgrade on 22 February, citing profit would be up 5% to 10% from its “slightly down” guidance just two weeks prior. This update helped the Macquarie share price push 2% higher on the day of the announcement.
Macquarie asset management to drive performance
Macquarie’s earnings are being boosted by the extreme winter weather in North America which has significantly increased client demand for the physical supply of gas and power.
Macquarie generates part of its income by connecting producers and consumers and has considerable investments in energy and oil storage, and a commodities trading business that benefits from higher prices.
In a research report released on 23…
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