Sunday, 23 March 2014

Macquarie Group forecasts up to 45% profit jump

SYDNEY--Macquarie Group Ltd. (MQG.AU) on Monday upgraded its annual profit guidance after better market conditions helped its fixed-income, currencies and commodities unit. Australia's biggest investment bank said it expected to post a net profit for the year through March that's 40-45% higher than the previous year's 851 million Australian dollars (US$774 million).





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