Macro Bank (BMA) Shares Surge Over 5% Amid Positive Earnings Report

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2 days ago
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Macro Bank (BMA, Financial) experienced a significant stock price increase of 5.06%, reaching $89.20 per share. Trading volume hit 324,563 shares with a turnover rate of 0.52% and a price fluctuation of 4.66%.

Recent earnings reports reveal Macro Bank achieved revenue of $1.141 billion and a net profit of $96.58 million, with earnings per share at $1.51. The price-to-earnings ratio stands at 4.32. Among six rating institutions, 33% recommend buying, 50% suggest holding, and 17% advise selling.

Within the banking sector, which saw an overall decline of 0.72%, notable performers included Better Home & Finance Holding and Shf Holdings, with significant price fluctuations.

Macro Bank, primarily serving Argentina, offers standard banking products and services tailored to individuals and businesses, including provincial governments.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.