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Magellan Financial Group Reports Second Quarter 2023 Earnings

Magellan Financial Group (ASX:MFG) Second Quarter 2023 Results

Key Financial Results

  • Net income: (down from AU$125.8m profit in 2Q 2022).


All figures shown in the chart above are for the trailing 12 month (TTM) period

Magellan Financial Group Revenues Beat Expectations

The company's shares are up 8.1% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Magellan Financial Group (2 are concerning!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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