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AAP
AAP
Business
Derek Rose

Macquarie reports subdued earnings, shares slide

Macquarie said the combined net profit from its market-facing businesses for the first quarter fell. (Dan Himbrechts/AAP PHOTOS)

Macquarie Group says its first quarter profit was broadly in line with its returns from the same time last year - a disappointing year for the bank.  

Managing director and chief executive Shemara Wikramanayake told the investment bank's annual general meeting on Thursday its performance in the June quarter was consistent with expectations, delivering earnings broadly in line with the same time last year.

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