Aussie lender Macquarie Group said that it reported record results driven by favorable market conditions and buoyed by a rapidly growing mortgage book. The group which does not disclose profit figures in quarterly updates, said that net profit contribution from its commodities, markets and investment banking businesses rose substantially in Q3 from the prior year. Thanks to increased hedging and trading activity due to market volatility, its commodities business benefitted. Regarding its Asset Management business, overall AUM grew 2% in the quarter to AUD 750.1bn ($534.9bn). Its fee revenues were significantly up helping its investment banking business. The group said it has a capital surplus of AUD 11.5bn ($8.2bn) with its end-December 2021 CET1 ratio at 15.4%.

Macquarie’s dollar bonds were stable with its 6.125% Perp at 103.38, yielding 5.36%.

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