Sydney, June 12, 2026, 03:09 (AEST)
- Macquarie Group Ltd. finished Thursday at A$235.84, off A$1.63 or 0.69%, putting its market cap close to A$90.5 billion.
- S&P/ASX 200 closed down 0.23% at 8,633.20. Middle East tensions and rising oil prices hit sentiment.
- Investors looked at a fresh Macquarie Bank capital filing after it issued US$1.25 billion in subordinated notes maturing in 2037.
Macquarie Group Ltd. shares fell Thursday, sliding with the Australian market as investors weighed recent strong earnings against risk-off trade and a new debt-capital update. The stock finished at A$235.84, off A$1.63 or 0.69% at the 4 p.m. AEST close, per StockLight. Intelligent Investor showed the same drop from a A$237.47 previous close.
Macquarie lagged the S&P/ASX 200, which dropped 20.10 points or 0.23% to 8,633.20. The All Ordinaries lost 0.23% and ended at 8,836.70. Market reports cited Middle East tensions, climbing oil prices and selling in major banks as the main drags on the day.
Macquarie added a new number to its balance sheet after Macquarie Group and Macquarie Bank filed a cleansing notice with the ASX. The filing, lodged June 10, covers Macquarie Bank’s issue of US$1.25 billion in subordinated notes. The notes offer a 5.819% fixed rate and mature on June 10, 2037. Macquarie said the notes are meant to be counted as Tier 2 capital.
Macquarie Bank’s new issue will lift both total liabilities and Tier 2 capital by US$1.25 billion, according to the filing. The deal comes with an 11-year term, issue date set for June 10, 2026, and an optional call on June 10, 2036. Net proceeds to Macquarie Bank after commission are US$1.245 billion. Commercial terms are outlined in the document.
Macquarie is coming to market with the note issue a little over a month after posting a strong full-year result. The group said net profit after tax attributable to ordinary shareholders was A$4.847 billion for the year ended March 31, 2026, which is up 30% on FY25. Second-half profit hit a new high at A$3.192 billion, jumping 93% on the first half.
Macquarie CEO Shemara Wikramanayake said in the May result, “each of our businesses used its specialist expertise in navigating the current environment.” The bank posted earnings per share of A$12.77 and return on equity at 14.0%. International income was 68% of the total. Macquarie
Earnings mix still drives how investors look at the stock. Commodities and Global Markets brought in a A$4.221 billion net profit contribution, up 49%. That was boosted by selling the OnStream meters platform and more client hedging in gas, power and oil. Net profit contribution from Macquarie Asset Management rose 27%, Banking and Financial Services climbed 17%, and Macquarie Capital rose 43%.
Returns to shareholders remain in the spotlight as Macquarie declared a A$4.20 final ordinary dividend, 35% franked. That brings the FY26 ordinary dividend to A$7.00 a share. Macquarie’s investor calendar shows the final dividend will be paid on July 2, 2026.
Macquarie was down Thursday but is still trading much higher than it was at the start of 2026. According to Intelligent Investor, the stock sits at A$235.84, up 16.98% for the year. That’s 1.32% lower than a week ago.
Macquarie says near-term trading still looks anchored to the main storylines it laid out in its outlook—market conditions, inflation, rates, volatility, geopolitics, moves in FX and any shifts in regulatory or tax policy. The group said it’s sticking with a cautious stance and keeping a conservative handle on capital, funding and liquidity.
