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ASX 200 rises, Macquarie falls, Magellan declines on Friday 7 May 2021



The S&P/ASX 200 Index (ASX: XJO) went up 0.3% today to 7,081 points.

Here are some of the highlights from the ASX:

The investment bank reported its FY21 result today. Its share price dropped 0.35% in reaction.

Macquarie reported that net profit grew 10% year on year to $3 billion. The second half of FY21 saw Macquarie generate $2 billion of profit, up 59% on the prior corresponding period.

The assets under management (AUM) fell 6% to $563.5 billion over the year.

Macquarie said that its financial position comfortably exceeds regulatory minimum requirements. It had surplus capital of $8.8 billion, with a bank CET1 ratio of 12.6%.

The ASX 200 share’s board declared a final dividend of $3.35 per share, bringing the FY21 dividend to…

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