(20 May 2010 – Australia) Macquarie Group has released its 2010 shareholder review, saying that the investment bank expects improved operating results for all of its businesses on the prior year.The investment bank’s chairman David Clarke and chief executive Nicholas Moore said that while market conditions continue to improve, continuing uncertainty makes forecasting difficult.
In the 2010 review the pair also said that, subject to market conditions, for the year to 31 March 2011 Macquarie Group currently expects improved operating results on the prior year for all of its businesses.
Subject to the continuation of increasing economic activity across major markets, the firm expects continued growth in revenue and earnings across most businesses over time and continued growth in its businesses driven by further expansion of its strong client franchise, Mr Clarke and Mr Moore added.