PRE-MARKET AUSTRALIAN STOCKS NEWS: Macquarie Group (MQG AT) said Q3 profit contribution was higher than a year ago across all business divisions

Macquarie Group's Q3 performance exceeded prior year contributions across all divisions, signaling strong operational momentum.

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PRE-MARKET AUSTRALIAN STOCKS NEWS: Macquarie Group (MQG AT) said Q3 profit contribution was higher than a year ago across all business divisions

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Macquarie Group (MQG AT) - Co. said Q3 profit contribution was higher than a year ago across all business divisions, while the Co. reported that Macquarie Asset Management AUM rose 3% to AUD 736.1bln at December 25 from AUD 716.9bln on September 25, while it added that Macquarie Capital Q3 net profit contribution was substantially higher vs the previous corresponding period. (Newswires)

Tabcorp (TAH AT) - Co. said it has become aware that Macquarie Group (MQG AT) and its controlling entities became a substantial shareholder on February 4th with 5.07% voting power. (Newswires)

Treasury Wine Estates (TWE AT) - Co. settles US dispute and expects a net cash outflow of around USD 65mln in H2 related to the settlement agreement. (Newswires/The Australian)

Westpac (WBC AT) - Co. CIO Collary is to retire. (Newswires)

Context

This growth, particularly in Asset Management with a rise in AUM, could indicate healthy market conditions and client demand, potentially influencing investor sentiment towards the financial sector in Australia.

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