Macquarie Bank smashes market expectations

Discussion in 'Wall St. News' started by lovethetrade, Oct 29, 2017.

  1. lovethetrade

    lovethetrade Guest

    Macquarie Group is motoring towards a record full-year profit and its share price has burst through its previous all-time high, as it reaps the benefits of a fee bonanza linked to the boom in infrastructure assets.

    The investment bank on Friday smashed market expectations with a $1.25 billion half-year profit, an annual rise of 19 per cent, while flagging a share buyback of up to $1 billion.

    http://www.smh.com.au/business/bank...st-half-profit-hits-125b-20171027-gz9oer.html