** Shares of Macquarie MQG.AX fall around 5.5% for the week, their worst weekly drop so far since late-March
** Shares of the investment bank ease 0.1% to A$213.65 on Friday
** Stock down 5% in previous session after shareholders challenged co's executive pay with over 25% voting against the remuneration resolution
** Co also announced resignation of its chief financial officer Alex Harvey while it posted a decline in quarterly profit due to lower contributions from its asset management arm and commodities and global markets unit
** Morgan Stanley thinks incoming CEO should prioritise lifting co's ROE back to mid- to high-teens, as current low-teens ROE is lagging peers
** Average rating of 10 analysts 'buy'; their median PT is A$224.45 – according to data compiled by LSEG
** Stock down 3.2%, YTD
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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