Macquarie Group is on track for a record annual profit above A$2 billion ($2.1 billion) due to a falling Australian dollar and improving market activity.
The investment manager's half-year profit soared 58 per cent to A$1.07 billion, and its second half profit is forecast to be higher than the previous year's A$926 million.
That puts Macquarie in line to comfortably beat its 2008 record profit of A$1.8 billion.
Its shares gained 2 per cent to an 8-year high of A$85.70.
Improved trading opportunities and a falling Australian dollar contributed, with 71 per cent of its income coming from overseas.