0358 GMT - Macquarie's disappointing 1H leaves the Australian financial giant in need of a much stronger finish to meet market expectations for the full year, UBS analysts warn. They tell clients in a note that Macquarie's 1H net profit and interim dividend were both 10% short of consensus. They add that Macquarie's decision to reallocate its green investments into its corporate unit for reporting purposes could signal a throwing in of the towel on the assets--or the asset-management unit gearing up for something bigger. The UBS analysts don't express a view on which is more likely. UBS has a last-published neutral rating and a A$225.00 target price on the stock, which is down 7.6% at A$200.92. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 06, 2025 22:59 ET (03:59 GMT)

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