Macquarie Dips After Profit Misses Estimates on Weak Markets

Macquarie Group Ltd.’s profit fell short of analyst estimates as subdued volatility weighed on its key commodities and global markets business. The stock opened 4.3% lower.

Net income for the six months to Sept. 30 rose to A$1.61 billion ($1.06 billion), from A$1.42 billion a year earlier, according to a statement Friday. That missed the A$1.74 billion average estimate of four analysts surveyed by Bloomberg.