macquaries stock fell last week even after it delivered an earnings beat for fy 2022 which may in part reflect some investor uncertainty over future earnings levels jp morgan analyst andrew triggs says in a research note the australian financial companys net profit after tax for fy 2022 was 5 above jpms forecasts with jpm saying that its return on equity of 19 was very robust the highest since before the 2008 global financial crisis however jpm says there were high expectations going into the result and some uncertainty about fy 2023 earnings given there was no group guidance which could have sent the stock lower despite these factors jpm says the outlook looks bright and it increases its forecasts for macquaries net profit after tax aliceuribewsjcom