Macquarie outlook disappoints

Macquarie, which is raising its focus on advisory, trading and funds management, said assets under management rose to $A342 billion from A$216 billion in September primarily helped by the acquisition of Delaware investments.

Top lender National Australia Bank , third-ranked Westpac Banking Corp and fourth-largest Australia and New Zealand Banking Corp announce quarterly updates later this month.

(Editing by Mark Bendeich, Muralikumar Anantharaman and Ian Geoghegan)