MARKETS SPECTATOR: Macquarie is no Goldman

Despite a rally in its share price, Macquarie Group's full-year earnings suggest it is certainly not comparable to Goldman Sachs, as one of its executives once suggested.

Macquarie shares have surged and helped drive the S&P/ASX 200 Index higher. At 1150 AEST the stock had gained $3.42, or 8.8 per cent, to $42.30. The shares have risen 55 per cent in the last 12 months.

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