Macquarie Profit Buoyed by Commodities, Asset Management

Macquarie Group Ltd.’s third-quarter profit was supported by its commodities and global markets division as well as a strong performance in its asset management unit.

Both those areas saw a net profit contribution that was “substantially up” on the same period last year, the Australian financial firm said in a statement Tuesday outlining its business activity for the three months. Elsewhere, the profit contribution at the banking and financial services unit was “slightly up.”