Business
Macquarie shows resilience amid worst conditions since GFC – The Australian Financial Review
It is facing one of its worst profit results in four years but CEO Shemara Wikramanayake says it will deliver superior performance in the medium term.
The secret to Macquarie’s success over the past decade has been the diversity of its earnings base. When its markets facing businesses have been weak, its annuity style businesses have performed better and vice versa.
Macquarie has about eight separate sources of revenue across its four main businesses, according to UBS banking analyst John Mott. On Thursday, Mott downgraded his 2021 Macquarie earnings by 6 per cent to $2.45 billion.
The main sources of revenues, according to Mott, are net int…
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