Analysts are expecting more bad news from Macquarie Group
tomorrow and rightfully so, The Wall Street Journal reports
Macquarie, parent of Delaware Investments
], has already reportedly warned of a 25 percent drop in profits for the six months through September and analysts are concerned about its year-end forecast.
Last month, the Aussie bank reportedly said its full-year earnings would be mostly the same as last year if "market activity" returned to normal in the six months from October to March 2011, but skeptical analysts are forecasting a full-year profit drop of 9.5 percent.
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