Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia were tepid in Tuesday morning trade, while investors looked toward to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
The Sydney-based bank now expects earnings in the second half-ending March 2016 to be better than A$926 million it posted in the year ago period, pushing annual profit to top A$2 billion, its best financial performance to date.
Macquarie, with its strong earnings growth and stable returns, has become a favorite with investors who are shunning Australia's "big four" lenders on worries their dividend paying ability would take a hit from stringent capital rules and slowing growth.
"The Group remains well positioned, with a strong and diverse global platform and specialist skills across a range of products and asset classes," CEO Nicholas Moore said in a statement on Friday.
"All of this is built on the foundation of a strong balance sheet, surplus capital, a robust liquidity and funding position and a conservative approach to risk management."
Net profit for the first six months to September rose to A$1.07 billion ($757.03 million) compared with A$678 million a year ago and in line with its guidance earlier this month. It announced an interim dividend of $A1.60 per share, down from A$2 a share in the prior period. Net operating income was A$5.3 billion, up 24 percent from a year ago.
A falling Australian dollar also benefited Macquarie, which generates more than 70 percent of its income overseas.
Macquarie will issue new shares at A$78.4 each, a 6.7 percent discount to Thursday's closing price. Earlier this month, it raised A$400 million from institutional investors to help it fund the acquisition of ANZ Banking Group's vehicle finance portfolio.
It will provide further details on the plan on or around Nov.2.
In contrast to Macquarie's earnings, both National Australia Bank and ANZ Banking Group earlier this week missed expectations on their annual results, sending their shares lower.
Macquarie shares are up 44 percent year-to-date compared with drops of 3-12 percent at the major four banks.