Macquarie Group Ltd
(ASX:MQG) has released its first-quarter results for the FY2017, and says its operating groups performed in line with expectations.
The Group says the first quarter contributions were down, compared to the same period last financial year.
Macquarie says the Group capital surplus was $3.5 billion in June, which is down from $3.9 billion earlier in March.
As for its outlook for the 2017 FY, Macquarie is expecting the net profit contributions from its operating groups to be broadly in line with the FY2016 results.
Macquarie Group reported a net profit of $2 billion at 31 December 2015.
