Magellan Financial Group Ltd
MFG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Hx | LOCK|<$c | LOCK|$$Lc$@H |
Magellan Financial: To Be Renamed Barrenjoey; Greater Investment Banking Focus
Shareholders of Magellan voted to rename the group Barrenjoey Group at its annual general meeting. Alongside the vote, the firm gave a trading update that showed weaker revenue in financial markets and lower funds under management partly offset by strength in corporate finance.
