Macquarie Group has lifted full-year profit by 56 per cent to $4.71 billion but says it will maintain a cautious approach in view of market volatility, global inflation and rising interest rates.
The gains were led by the group's market facing businesses, which reported a near doubling of profit from the previous year to $5.33 billion.
This included net profit from the Macquarie Capital unit surging to $2.4 billion from $651 million in fiscal 2021 while net profit from its commodities and global markets unit jumped 50 per cent to $3.91 billion.
