Macquarie Group’s Profit Rises Amid Global Gains

Macquarie Group Limited (AU:MQG) has released an update.

Macquarie Group Limited reported a half-year profit of A$1,612 million, marking a 14% increase from the previous year, driven by improved asset management and digital progress in banking services. Despite a 23% decrease from the previous half, the group’s financial position remains robust with assets under management reaching A$916.8 billion. A notable 65% of their income is derived internationally, reflecting the group’s strong global presence.

For further insights into AU:MQG stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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