0127 GMT - Macquarie's sale of its North American and European public investments business to Nomura for A$2.8 billion puts a renewed focus on its surplus capital, Citi says. The transaction adds to the A$3 billion of surplus capital that is currently sitting on Macquarie's balance sheet when hybrid instruments are excluded. "The recent bounce in the AUD is also likely to see a modest positive FX contribution to capital as well," analyst Thomas Strong says. "Recent market volatility, however, could see Macquarie hold on to this excess capital for a longer period in anticipation of opportunities arising." Macquarie is up 0.4% at A$180.58. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 21, 2025 21:27 ET (01:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.