Macquarie Group Ltd shares finished Tuesday's trading session with a modest gain, paring earlier sharp advances after the financial conglomerate released its third-quarter operational update. The stock closed 0.8% higher at A$214.50, after surging as much as 4% during the day to reach A$221.32.
Divisional Strength Drives Results
All four of Macquarie's operating groups reported increased net profit contributions for the quarter ended December 31 compared to the prior year. The company's assets under management rose 3% quarter-over-quarter to A$736.1 billion. Its banking segment posted a 6% increase in deposits to A$204.5 billion and a 7% growth in its home loan portfolio, which now stands at A$172.2 billion.
Macquarie Asset Management received a significant boost from the sale of its North American and European public investments business. Meanwhile, Macquarie Capital highlighted its A$28.9 billion private credit book, and the Commodities and Global Markets division reported rising income. The group ended the period with a regulatory capital surplus of A$7.5 billion.
Market Reaction and Analyst Views
The strong intraday move represented the stock's largest single-day jump since mid-October. Analysts noted the core numbers were robust, though attention quickly turned to management's guidance. The company indicated its effective tax rate is expected to rise to approximately 31% for the 2026 financial year, a point that tempered some investor enthusiasm according to commentary from UBS. Citi suggested the update was unlikely to materially alter full-year forecasts.
CEO Shemara Wikramanayake stated Macquarie remains "well-positioned to deliver superior performance in the medium term." The broader S&P/ASX 200 index was virtually unchanged, slipping just 0.03% to 8,867.40, making Macquarie a standout focus for traders.
Looking Ahead
Investors are now assessing the sustainability of the quarter's commodities income and whether the stock can maintain its post-update gains. The market will next focus on the company's full-year results, scheduled for release on May 8, 2026. Shares are set to trade ex-dividend on May 18, 2026.