Macquarie Group has upped its earnings guidance for the year, flagging it expects profit to swell by 10 per cent to a record $2.2 billion.
The investment bank on Tuesday said trading conditions had been "satisfactory" across the group in the December quarter, as it raked in higher performance fees in its asset management business.
The outlook statement included the usual caveat that its short-term outlook was subject to market conditions, policy and tax uncertainty and the rate at which transactions were completed.
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