Business
Why the Magellan share price might be a post-earnings buy today – Motley Fool Australia
Is the Magellan Financial Group Ltd (ASX: MFG) share price a buy today after the company reported its earnings and growth plans?
Magellan Financial Group Ltd(ASX: MFG), as of this morning, has joined the small but growing list of ASX companies that have now disclosed their FY2020 full-year earnings in this August reporting season.
By all indications, it has been well received by investors — judging by the 2.7% the market has added to Magellan shares today (at the time of writing). And fair enough too. The company did deliver a 20% rise in net profit after tax and a 10% bump for its dividend. Not bad for a year containing…
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