A post by @FirstSquawk on X.
MACQUARIE GROUP H1 NET INCOME A$2.48 BLN, ABOVE ESTIMATE OF A$2.45 BLN, WITH AN INTERIM DIVIDEND OF A$3.25/SHARE, BELOW ESTIMATE OF A$3.50, AND THE COMPANY SAYS IT IS WORKING WITH APRA ON REMEDIATION OF PRUDENTIAL STANDARDS
@FirstSquawk on X
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Macquarie Group reported first-half net income of A$2.48 billion, surpassing the A$2.45 billion estimate, while declaring an interim dividend of A$3.25 per share that fell short of the A$3.50 consensus. The earnings beat contrasts with the softer shareholder return, and the company disclosed it is working with Australia's prudential regulator APRA on remediation of prudential standards. The dividend miss and regulatory remediation work are the key items to watch, as they may signal capital and compliance pressures despite the profit beat.
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Macquarie Group, APRA