BUZZ-Australia's Macquarie rises on 'very little' exposure to Trump's green energy crackdown
ReutersFeb 12, 2025 3:31 AM
Shares of Macquarie Group MQG.AX extend gains to rise 1.7% to A$235.49, touching their highest levels since February 5
The financial conglomerate says it expects "very little" exposure in U.S. President Donald Trump's green energy war
Trump signed a series of executive orders to ban or freeze government benefits for sustainable energy investments in the United State, which makes a third of the bank's profits
"Despite limited new news on green platforms, Macquarie saw the benefit of better performance fees, investment income and volume growth," Brokerage Citi says
Stock up 6.2% this year, including the day's move
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