Macquarie Group Ltd
MQG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %<% | LOCK|<T&s | LOCK|J?l#Hf% |
Macquarie Group's Diversity Helps Smooth Earnings From Lumpy and Cyclical Divisions
Business Strategy and Outlook
Macquarie Group is a global asset manager that spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transaction-based investment banking, but still carries volatility, as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.
