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An update from Macquarie Group Limited ( (AU:MQG) ) is now available.
Macquarie Group Limited reported its third-quarter trading update for the fiscal year ending March 2025, indicating a stable net profit after tax for the nine months ending December 2024 compared to the same period in the previous year. The annuity-style businesses, including Macquarie Asset Management (MAM) and Banking and Financial Services (BFS), showed strong profit contributions due to volume growth and performance fees, although the markets-facing businesses experienced a decline largely due to challenging conditions in certain commodity markets. Despite these mixed results, the group’s financial position remains robust, comfortably exceeding regulatory requirements with a capital surplus of $A8.5 billion.
More about Macquarie Group Limited
Macquarie Group Limited is a diversified financial services company headquartered in Sydney, Australia. It operates in industries such as asset management, banking, and financial services, offering a wide range of products and services including asset management, banking, commodities trading, and investment services. The company focuses on both annuity-style and markets-facing businesses, catering to individuals and businesses globally.
YTD Price Performance: 3.98%
Average Trading Volume: 344
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.58B
See more insights into MQG stock on TipRanks’ Stock Analysis page.