Macquarie Group said trading conditions across the investment bank's operations have continued to improve, setting it up for profit to grow at the top end of a 10% to 20% range for the financial year.

Managing director and chief executive Nicholas Moore during a briefing in Sydney said the bank was well positioned to deliver "superior performance" in the medium term, with the combined profit contribution from its various divisions likely to be up significantly on the prior year, when shareholders benefited from the spin-off of Macquarie's stake in ASX-listed Sydney Airport Holdings.