Insights

Why is the Macquarie (ASX:MQG) share price falling this week?

Shares in Macquarie Group have taken a turn for the worse…
The post Why is the Macquarie (ASX:MQG) share price falling this week? appeared first on The Motley Fool Australia. –

Key points

The Macquarie Group share price is down almost 5% this week
All ASX bank shares have fallen in the past 48 hours
The S&P/ASX 200 Financials Index is in the red today

The Macquarie Group Ltd (ASX: MQG) share price has been a standout performer on the ASX in the past year, but this hasn’t been a good week.

Shares in the investment bank are currently trading at $196.61, down 4.89% so far this week. The company’s shares are down 1.3% today.

Let’s take a look at what may be impacting the company this week.

Wall Street woes

The Macquarie share price may be falling this week, but it is not alone. Most of this fall has taken place within the last 48 hours. Since market close on January 18, the company’s shares have fallen 4.95%.

In the same time frame, the Commonwealth Bank of Australia (ASX: CBA) share price has fallen 3.02%, National Australia Bank Ltd (ASX: NAB) shares have dropped 2.32%, the Westpac Banking Corp (ASX: WBC) share price has slumped 1.64% and Australia and New Zealand Banking Group Ltd (ASX: ANZ) has dropped 1.01%.

The performance of financial shares in the United States appears to have weighed on Australian bank shares including Macquarie. The Dow Jones US Financial Index fell 1.53% overnight and has fallen 3.31% in the past two days.

Goldman Sachs Group (NYSE: GS) fell 8.79% in the first two days of trading in the US this week. Investors reacted to the company’s profit dropping 13% on the previous year, the New York Times reported.

There has also been speculation that the US Federal Reserve is considering fast-tracking interest rate rises due to inflation concerns. This has the potential to affect ASX shares, as the Reserve Bank of Australia can take its lead from the US.

Back home, the S&P/ASX 200 Financials Index (ASX: XFJ) is 1.05% in the red today and has dropped 2.31% since market close on 18 January.

Macquarie bumped Westpac to become Australia’s third-largest Aussie bank on Wednesday last week. However, at the time of writing, Westpac has edged out Macquarie Bank again with a higher market capitalisation.

Macquarie share price snapshot

The Macquarie share price has soared 41.95% in the past year but is down 4.32% this year to date.

In contrast, the S&P/ASX 200 Index (ASX: XJO) has returned about 8% in the past year.

Macquarie Group has a market capitalisation of about $76.4 billion based on its current share price.

The post Why is the Macquarie (ASX:MQG) share price falling this week? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Macquarie right now?

Before you consider Macquarie , you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Macquarie wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

How are ASX bank shares performing today?

Is the NAB (ASX:NAB) share price an undervalued smart buy for dividends?

2 buy-rated ASX dividend shares

An ASX XI to take on the world

Neck and neck: Macquarie (ASX:MQG) bumps Westpac to become third-largest Aussie bank

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!