Streetbeat News

MQBKY

Macquarie Group Ltd

https://www.macquarie.com/au/en.html

CEO

Shemara Wikramanayake

Industry

Securities and Commodity Exchanges

Open

150.70

Mkt cap

55B

Volume

341

High

151.22

P/E Ratio

21.02

52-wk high

165.98

Low

150.70

Div yield

0.03

52-wk low

108.26

The SEC has charged Macquarie Investment Management Business Trust with fraud for overvaluing assets and engaging in unlawful cross trades. The firm will pay nearly $80 million in penalties.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:40 pm

Hong Kong and China stocks fell due to poor economic data from the housing and financial sector. China's housing prices fell the fastest in 11 months, and investment in the housing sector plunged 9.1% in the first 9 months of this year. Country Garden Holdings Limited (OTC:CTRYF) defaulted on US dollar bonds, and its stock fell 3%. Other property firms like China Evergrande Group (OTC:EGRNQ) and Sunac China Holdings Limited (OTC:SNCNQ) also saw their stocks fall. Alibaba Group Holdings Limited (NYSE:BABA), Tencent Holdings Ltd (OTC:TCEHY), and JD.com Inc (NASDAQ:JD) fell due to a larger credit rout. Bank of China Ltd. (OTC:BACHF), China Construction Bank Ltd (OTC:CICHF), and HSBC plc (NYSE:HSBC) fell due to potential LGVF defaults. EV makers like Nio Inc (NYSE:NIO), XPeng Inc. (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI) fell due to disappointing earnings from Tesla Inc (NYSE:TSLA).

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 5:36 pm

Macquarie Group (OTC:MQBKY) has agreed to sell Ceres Terminals Holdings LLC to Carrix, a marine terminal operator. The deal was conducted by Macquarie Infrastructure Partners III, a fund managed by Macquarie Group. The deal value could exceed $900 million. Ceres Terminals Jacksonville and the Intermodal Container Transfer Facility in Jacksonville are not included in the transaction. MQBKY shares closed lower by 1.31% at $115.70 on Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

June 29, 2023 | 11:53 am

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