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32 stories mentioning ASX:MQG

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Asia

Westpac Banking's 'Unrealistic' Sales Targets for Home Loans Will Hurt Mortgage Competition, Finance Sector Union Says

Westpac Banking (ASX:WBC, NZE:WBC) has set "unrealistic" sales targets for employees managing home loans, risking a possible exodus of lending staff that could further reduce competition in Australia's mortgage market, Australia's Finance Sector Union (FSU) said Monday.Some staff have seen quarterly targets rise by around 15%, while others have been hit with a 33% rise "without consultation or explanation," raising the prospect of burnout and resignations, the FSU said.The union noted that Westpac executives have said that the Australian government's changes to the capital gains tax have already resulted in a 20% drop in investor loan applications, and forecasts for waning housing demand will exert more pressure on employees to meet the revised goals.The new targets will hurt competitiveness in a retail home loan market that is dominated by Commonwealth Bank of Australia (ASX:CBA) and Macquarie Group (ASX:MQG) unit Macquarie Bank, according to the FSU.The union urged Westpac to "properly consult with workers over the targets, commit to one national framework for determining targets along with more transparency surrounding the process, and adjust the targets to reflect changing market conditions."Westpac did not immediately respond to a request for comment from.The company's ASX-listed shares gained 1% in recent Monday trade, while Commonwealth Bank of Australia and Macquarie Group both rose past 1%.

ASX:CBAASX:MQGASX:WBCNZE:WBC
Asia

Macquarie Group Unit to Issue $1.25 Billion of Subordinated Notes

Macquarie Group (ASX:MQG) unit Macquarie Bank is issuing $1.25 billion of subordinated notes, according to a Wednesday filing with the Australian bourse.The 5.819% Series A fixed-rate subordinated notes will be issued under the bank's $25 billion US medium-term note program, with a maturity date of June 10, 2037.The notes are intended to constitute tier 2 capital for the bank, per the filing.

ASX:MQG
Asia

Market Chatter: Macquarie Chair Appointed as Head of New South Wales Treasury Corporation, Bloomberg Reports

Macquarie Group (ASX:MQG) chair and former Reserve Bank of Australia governor Glenn Stevens is set to take over as the next chair of the New South Wales Treasury Corporation on Sept. 1, Bloomberg reported on Friday, citing New South Wales Treasurer Daniel Mookhey.Stevens will succeed the current chair, Michael Dwyer.New South Wales Treasury Corporation is set to receive permission to issue debt in currencies other than the Australian dollar.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:MQG
Asia

Macquarie Group Continues to Outperform Banking Majors with Superior, Fully Digitized Platform, Jarden Says

Macquarie Group (ASX:MQG) continues to outperform banking majors with a simple and fully digitized platform, according to Jarden in a Thursday note.At this pace, Macquarie may surpass around 10% market share on both sides of the balance sheet in the near term. Commonwealth Bank of Australia's (ASX:CBA) net interest margin edge, free deposits look tenuous with IT and competition from Macquarie, ANZ Group Holdings (ASX:ANZ, NZE: ANZ), National Australia Bank (ASX:NAB), and potentially, stablecoins. Strong volumes are offset by competition.Jarden considered the fiscal year 2026 Australian budget as changing incentives, increasing complexity, and exacerbating the skew to financialization over increasing physical industrial capacity.High valuations reflect market index concentration and disappointment in other sectors, but expose major banks to abrupt and extreme mean reversion if the status quo changes.The investment firm assigned ANZ Group an overweight rating and price target of AU$35.50 per share. It also has sell ratings on Commonwealth Bank, National Australia Bank, and Westpac Banking (ASX:WBC, NZE:WBC) with price targets of AU$90 per share, AU$29 per share, and AU$31 per share, respectively.It also assigned Macquarie a buy rating with a price target of AU$250 per share, Bendigo and Adelaide Bank (ASX:BEN) a neutral rating with a AU$11 per share price target, Bank of Queensland (ASX:BOQ) a sell rating with a price target of AU$5.50 per share, and Judo Capital Holdings (ASX:JDO) a buy rating with a price target of AU$2.50 per share.

ASX:ANZASX:BENASX:BOQASX:CBAASX:JDOASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Vault Minerals Says Macquarie Becomes Substantial Holder

Vault Minerals (ASX:VAU) said Macquarie Group (ASX:MQG) and its controlled entities have become a substantial holder in the company on May 29, with a stake of 5.01%, or 51.9 million shares, according to a Wednesday Australian bourse filing.The company's shares were up 1% in recent Wednesday trade.

ASX:MQGASX:VAU
Asia

Vault Minerals Says Macquarie Ceases to Be a Substantial Holder, Shares Fall 7%

Vault Minerals (ASX:VAU) said Macquarie Group (ASX:MQG) and its controlled entities have ceased to be a substantial holder in the company on May 25, according to a Thursday Australian bourse filing.The company's shares were down 7% in recent Thursday trade.

ASX:MQGASX:VAU
Asia

APRA to Introduce Three-Tiered Approach to Proportionality in Prudential Framework for Banking

The Australian Prudential Regulation Authority (APRA) wrote to banks and confirmed plans to formally introduce a three-tiered approach to proportionality in its prudential framework for banking, according to a Wednesday statement.Effective July 1, APRA said it will introduce a third tier of "Most Significant Financial Institutions" for banks with total assets of over AU$300 billion, raise the asset value threshold for banks to qualify as a "Significant Financial Institution" (SFI) to AU$30 billion from AU$20 billion, and automatically provide a 12-month transition period when a regulated institution moves to a higher tier.The regulator said the planned move was in response to the Council of Financial Regulators' review into small and medium-sized banks, undertaken in consultation with the Australian Competition and Consumer Commission.APRA also committed to providing non-SFIs with additional time to comply with new and revised prudential requirements when appropriate.Judo Capital Holdings' shares shed about 1% in recent Wednesday trade.

ASX:BENASX:JDOASX:MQGASX:MYS
Asia

Contact Energy Says Macquarie Group Ceases to be a Substantial Shareholder

Contact Energy (ASX:CEN, NZE:CEN) received notice that Macquarie Group (ASX:MQG) and its affiliates are no longer substantial holders of the company from Monday, according to a Tuesday filing with the New Zealand bourse.Macquarie Group and its affiliates became a substantial holder of the company on May 20, with a total voting power of 5.04%, an earlier filing showed.

ASX:CENASX:MQGNZE:CEN
Asia

Healius Says Macquarie Group Ceases to Be a Substantial Holder

Healius (ASX:HLS) said Macquarie Group (ASX:MQG) and its controlled bodies corporate ceased to be substantial holders of the firm on Tuesday, according to a Friday Australian bourse filing.Its shares rose 2% in recent trading on Friday

ASX:HLSASX:MQG
Asia

Contact Energy Says Macquarie Becomes Substantial Holder

Contact Energy (ASX:CEN, NZE:CEN) said Macquarie Group (ASX:MQG) and its controlled entities have become a substantial holder in the company on May 20 with a stake of 5.04% or 54 million shares, according to a Wednesday Australia and New Zealand bourse filing.The filing showed that Macquarie's unit, Macquarie Securities, made a block trade for 53.5 million shares on Wednesday, priced at NZ$9.25 per share.

ASX:CENASX:MQGNZE:CEN
Asia

Update: Market Chatter: Macquarie Group Moves to Align Policies With Proposed Negative Gearing Ban, AFR Says

(Adds company's response to' request for comment on the third paragraph)Macquarie Group (ASX:MQG) instructed its mortgage broker network to revise lending policies in line with the federal government's proposed ban on negative gearing for existing properties, despite the measure not yet being enacted into law, according to a Monday report by the Australian Financial Review, citing a company spokesman.The company told its brokers it was developing a new borrowing calculator that incorporates the proposed changes, with the tool expected to be rolled out soon, the report added."In light of the Federal Budget, we have made changes to our investor lending policy to ensure we continue to comply with our responsible lending obligations. These changes help us ensure property investors are able to afford their loan when the changes to negative gearing come into effect", said a Macquarie spokesperson, in response to' email request for comment.The company's shares fell 3% on market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:MQG
Asia

Market Chatter: Macquarie Group Moves to Align Policies With Proposed Negative Gearing Ban, AFR Says

Macquarie Group (ASX:MQG) instructed its mortgage broker network to revise lending policies in line with the federal government's proposed ban on negative gearing for existing properties, despite the measure not yet being enacted into law, according to a Monday report by the Australian Financial Review, citing a company spokesman.The company told its brokers it was developing a new borrowing calculator that incorporates the proposed changes, with the tool expected to be rolled out soon, the report added.The company's shares fell 3% on market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:MQG
Asia

China Stocks Fall as Investors Await Outcome of Trump-Xi Summit

Chinese stocks slid Thursday as investors await more developments from the meeting between Presidents Xi Jinping and Donald Trump in Beijing.The Shanghai Composite Index, the main gauge of Chinese stocks, lost 1.5%, or 64.65 points, to 4,177.92. The Shenzhen Component Index declined 2.1% or by 344.01 points to 15,745.74.While Trump was singing the praises of his Chinese counterpart, Xi was more stern, even cautioning Trump of his handling of Taiwan relations, the Associated Press reported Thursday.Xi said Washington should handle the Taiwan question with more care, or it could lead to "conflicts" that would put "the entire relationship in great jeopardy," Xinhua News Agency reported.During welcome remarks earlier, Xi called on Trump to "build a brighter future" together, as the two countries are "partners, not rivals," and said the meeting should open a new chapter in their bilateral relations.While the meeting is ongoing, investors largely forecast both leaders to keep trade tensions in the backseat to focus on artificial intelligence, Reuters reported."Investors aren't positioned for a positive surprise - meaning even a modest outcome could boost sentiment," the newswire quoted Syfe Group Head of Investments and Advisory Ritesh Ganeriwal.The renminbi edged up to a three-year high on Thursday after the People's Bank of China set the midpoint at 6.8401 yuan per dollar, the strongest since March 24, 2023, Reuters said."Beijing is adopting a wait-and-see mode, given the 'better than expected' first-quarter (economic) growth ... Beijing's focus for the summit is not on deliverables but on optics, aiming to project stability and predictability to both international and domestic audiences," Retuers quoted Macquarie (ASX:MQG) Chief China Economist Larry Hu as saying.In corporate news, BeOne Medicines (SHA:688235) plunged 4% during market close in Shanghai after the U.S. Food and Drug Administration granted accelerated approval to Beqalzi to treat a type of rare blood cancer.

Shanghai Composite^SZSEASX:MQGSHA:688235
Asia

Australian Shares End Lower; Macquarie Group Posts Higher Fiscal Year 2026 Earnings, Revenue

Australian shares ended lower on Friday as oil prices rose amid clashes between US and Iranian forces.The S&P/ASX 200 Index fell 1.51%, or 133.70 points, to close at 8,744.40.Brent crude oil futures rose over 1% to trade around $101 per barrel. US President Donald Trump said that the ceasefire between Iran and the US was still in effect despite the clashes, while Iran said the situation had returned to normal, according to a Reuters report.In company news, Macquarie Group (ASX:MQG) reported Friday fiscal year earnings of AU$12.669 per share, up from AU$9.755 a year earlier. Revenue from ordinary activities for the 12 months ended March 31 was AU$19.48 billion, compared with AU$17.21 billion a year earlier. Its shares fell 1% on market close.News Corp (ASX:NWS) reported fiscal third-quarter adjusted earnings of $0.21 per share, up from $0.17 a year earlier. Revenue for the quarter ended March 31 was $2.19 billion, up from $2.01 billion a year ago. Its shares closed down 8%, earlier reaching a two-year low point. Its shares closed up 3%.Lastly, QBE Insurance Group (ASX:QBE) reported first-quarter gross written premiums of $9.2 billion, up 11% from $8.3 billion a year earlier. The company maintained its full-year guidance for gross written premium growth in the mid-single digits and a combined operating ratio of nearly 93%. Its shares fell 1% on market close.

ASX 200ASX:MQGASX:NWSASX:QBE
Asia

Webjet Says Macquarie Raises Stake, Shares Fall 3%

Webjet (ASX:WEB) said the voting power of Macquarie Group (ASX:MQG), and its controlled bodies corporate, in the firm rose to 7.18% from 6.15%, as of Tuesday, according to a Friday Australian bourse filing.Macquarie now holds nearly 26 million votes in Webjet.Webjet's shares fell 3% in recent trading on Friday.

ASX:MQGASX:WEB
Asia

Macquarie's Fiscal 2026 Result Beats Estimates, Driven by Lower Costs, Average Tax Rate, Jefferies Says

Macquarie Group's (ASX:MQG) fiscal 2026 results beat estimates, driven by lower costs and a lower average tax rate, Jefferies said in a Friday note.The company delivered a "very strong" result with net profit after tax of AU$4.85 billion up 30% year over year, exceeding Jefferies' estimates by 9%. The revenue also included "materially" higher provision build, which masks a stronger underlying result, the equity research firm said.The outlook aligns with Jefferies' fiscal 2027 after-tax net profit estimate of around AU$5 billion.Jefferies reiterated a buy rating on Macquarie Group with a price target of AU$247.40.Macquarie Group's shares shed 1% in recent Friday trade and earlier hit a record high.

ASX:MQG
Asia

Macquarie Group Transitions Portfolio With Materials Outweighing Financialization, Jarden Says

Macquarie Group (ASX:MQG) transitioned its portfolio to a new paradigm of growth, where materials and matter outweigh financialization, Jarden said in a note on Friday.Its fiscal second-half net profit after tax came in at AU$3.19 billion, up 93% half-over-half, and fiscal 2026 net profit after tax was AU$4.85 billion, up 30% year-over-year.Jarden said the key upside risks were the divestment of its renewable asset portfolio and the recovering global investment geopolitical environment. The key downside risks were exogenous financial market shocks, and material risk and compliance failure.The investment firm has a buy rating on Macquarie with a target price of AU$240 per share.

ASX:MQG
Asia

ASX Midday Sector Update: Financials Stocks Lead Broad Market Declines

All sectors on the Australian Securities Exchange were in the red in midday trading on Friday, with financial stocks falling past 2% to lead decliners, as oil prices climbed after reports of clashes between the US and Iran in and around the Strait of Hormuz.Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking (ASX:WBC) both shed more than 2%, while National Australia Bank (ASX:NAB) was nearly 3% lower. Shares of Macquarie Group (ASX:MQG) were down more than 2% after earlier hitting a record high following its fiscal year 2026 results.

ASX 200ASX:CBAASX:MQGASX:NABASX:WBC
Asia

Update: Macquarie Group Posts Higher Fiscal 2026 Earnings, Revenue; Shares Hit Record High

(Updates to add stock movement in the headline and last paragraph)Macquarie Group (ASX:MQG) reported Friday fiscal 2026 earnings of AU$12.669 per share, up from AU$9.755 a year earlier.Analysts polled by FactSet expected earnings of AU$11.6.Revenue from ordinary activities for the 12 months ended March 31 was AU$19.48 billion, compared with AU$17.21 billion a year earlier. Analysts surveyed by FactSet expected AU$19.31 billion.The board declared a final dividend of AU$4.20 per share, up from AU$3.90 a year earlier, payable July 2 to shareholders on record as of May 19.Shares of Macquarie fell nearly 3% in recent trading on Friday and earlier hit a record high.

ASX:MQG
Asia

ASX Preview: Australian Shares Set to Fall on Ceasefire Uncertainty; Macquarie Group Posts Higher Fiscal 2026 Earnings, Revenue

Australian shares are poised to fall on Friday as renewed uncertainty over a fragile Gulf ceasefire and sharp swings in oil prices tied to US-Iran negotiations weigh on global market sentiment and energy-related risk appetite.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.4%, 0.1%, and 0.6%, respectively.In the macroeconomy, investors are eyeing the Westpac consumer confidence and NAB business confidence reports next week.In corporate news, Macquarie Group (ASX:MQG) reported Friday fiscal 2026 earnings of AU$12.669 per share on revenue of AU$19.48 billion, compared with earnings of AU$9.755 on revenue of AU$17.21 billion a year earlier.Block (ASX:XYZ) reported Friday first quarter adjusted earnings of $0.85 per share on revenue of $6.06 billion, compared with adjusted earnings of $0.56 on revenue of $5.77 billion a year earlier.Australia's benchmark index rose around 1% or 84.5 points to close at 8,878.10 on Thursday.

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