Macquarie Bank shares break through $100

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Macquarie Group shares have joined to $100 club.

A short time go, the bank’s shares were trading $100.125, up 0.8% today.

The shares join a select few over $100, including blood products group CSL at $147.31, vitamin maker Blackmores at $167.44 and bionic ear group Cochlear at $183.70.

Macquarie, often referred to as the millionaire factory, in October posted a 19% rise in net profit to $1.25 billion for the first half and announced an on-market share buyback of up to $1 billion.

The Australian-based bank has almost 14,000 staff and derives 62% of total income from international operations.

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