Macquarie Group Limited (AU:MQG) has released an update.
Macquarie Group reported a $3.5 billion profit for FY24, experiencing a decline from the exceptional results of the previous years due to quieter conditions in global energy markets and less active financial markets that impacted earnings. Despite these challenges, investments in growth yielded higher profits for both Banking and Financial Services and Macquarie Capital. The company’s return on shareholders’ funds stood at 10.8%, slightly below the typical target but maintaining a five-year average of around 15%.
For further insights into AU:MQG stock, check out TipRanks’ Stock Analysis page.
