How stability is paying off for the new Macquarie

Despite a soft start to the year, Macquarie's shift towards annuity incomes is enough for Nicholas Moore to be confident of greater full-year profit, as he eyes market conditions in the second half.

In May, when Nicholas Moore announced Macquarie Group’s best result since the financial crisis, there was an underlying tone of confidence to his presentation. That confidence remains, despite Moore telling today’s annual meeting that results for the first quarter of this financial year were down on both the same quarter last year and the immediately preceding quarter.

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