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Macquarie Group Transitions Portfolio With Materials Outweighing Financialization, Jarden Says

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-- Macquarie Group (ASX:MQG) transitioned its portfolio to a new paradigm of growth, where materials and matter outweigh financialization, Jarden said in a note on Friday.

Its fiscal second-half net profit after tax came in at AU$3.19 billion, up 93% half-over-half, and fiscal 2026 net profit after tax was AU$4.85 billion, up 30% year-over-year.

Jarden said the key upside risks were the divestment of its renewable asset portfolio and the recovering global investment geopolitical environment. The key downside risks were exogenous financial market shocks, and material risk and compliance failure.

The investment firm has a buy rating on Macquarie with a target price of AU$240 per share.

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