Macquarie Group Limited
(ASX:MQG) expects to post a 10 per cent jump in its fiscal 2013 profit despite cautioning against subdued client activity in capital markets.
CEO Nicholas Moore says the probability exists for a stronger result if improved market conditions, which have improved since the lenders first half results announcement, persist.
Macquarie expects total net profits from operating groups to be materially higher than 2012, although profits from corporate arms will fall.
The bank has retained a strong capital position, holding $3.3 billion over the minimum regulated capital requirement.
Macquarie Group posted a net profit of $361 million in the first half of its 2013 financial year.
