MQG is up almost 4% year to date making it the best performing bank as we navigate a volatile August, they report and trade ex-dividend in November. In Julys AGM and 1Q24 trading update they flagged tougher trading conditions at the start of their fiscal year, clearly more negative than they generally are, however they also have a tendency to “under promise and over deliver”, which is what the market is hanging it’s hat on, hence the stocks held firm over recent months.
- We will continue to consider increasing our Flagship Growth Portfolio position in MQG if we see a dip toward $160.
MM remains long and bullish MQG
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