BUZZ-Australia's Netwealth down on compensation agreement, Macquarie cuts PT
Reuters
Dec 19, 2025
BUZZ-Australia's Netwealth down on compensation agreement, <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> cuts PT
** Shares of Netwealth Group NWL.AX down as much as 3.3% at A$26.110** Financial services co on Thursday agreed to compensate affected customers of its superannuation master fund with estimated A$101 million ($66.78 million) following regulator action** Macquarie cuts PT to A$33.05 from A$33.75, retains "Neutral" rating** Brokerage cuts earnings forecasts given increased governance/oversight costs** Sees potentially weaker net flows in the near term given reputational concerns**YTD, shares down 7.5%
($1 = 1.5124 Australian dollars)
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