Macquarie (MQG.ASX) FY17 profit should be $2.1b up around 5% on the same time last year. FY17 earnings per share (EPS) $6.00 and dividends per share (DPS) are forecast to be $4.10, placing the stock on a forward yield of 5%.
There are no algorithm signals present and therefore, our short term synopsis of MQG is that the stock sits at fair value and subject to any large shift in volatility, the stock is most likely to consolidate and move sideways at or near current value.
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