Why the Macquarie share price is breaking new ground today
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The Macquarie Group Ltd (ASX: MQG) share price is pushing boundaries again on Friday, with the banking stock nudging towards new 52-week highs.
At the time of writing, Macquarie shares are swapping hands at $225.79 apiece, up 23% this year to date.
This week’s performance is linked to several factors, including the recent sale of its stake in AirTrunk and growth in its lending book.
Let’s take a closer look.
Macquarie share price rallies
One of the biggest drivers behind the rising Macquarie share price this week is the sale of the bank’s stake in AirTrunk.
As a reminder, data centre operator AirTrunk was sold to private equity giant Blackstone in a landmark $24 billion deal this week.
Macquarie Asset…
