Fees underpin Macquarie profit

Original article by Michael Roddan
The Australian – Page: 21 : 12-Sep-17

Macquarie Group has advised that its profit for the first half of 2017-18 will be higher than previously due to an increase in performance fees. However, the investment bank has told an investor roadshow that it expects full-year profit to be similar to its $A2.22bn result for 2016-17. Macquarie’s earnings profile has benefited from the group’s increased focus on annuity-style operations, while the group has also highlighted its risk management practices.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, DEUTSCHE BANK AG, THE GOLDMAN SACHS GROUP INCORPORATED, HILL SAMUEL BANK

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