• SYDNEY, AAP – Macquarie Group has reported a 10 per cent rise in full-year profit, helped by its markets trading.

    The group on Friday revealed net profit after tax of $3.01 billion for the 12 months to March 31.

    Macquarie’s markets activities had a 39 per cent rise in profit to $2.78 billion.

    Shareholders will receive a final dividend of $3.35 per share, 40 per cent franked. This is higher than the previous final payout of $1.80 per share, 40 per cent franked.

    Macquarie shares on the ASX were higher by 0.36 per cent to $159.58 at 1145 AEST.

    The financial services provider is the latest major to improve profits since the coronavirus devastated the global economy last year.

    This week Westpac more than trebled first-half profit to $3.4 billion.

    ANZ reported first-half cash earnings more than doubled to $2.99 billion.

    NAB had a similar story – a 94 per cent jump in first-half cash earnings to $3.3 billion.

    The Commonwealth Bank is due to a third-quarter update next week.