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Banco Macro S.A. - BMA STOCK NEWS

Welcome to our dedicated news page for Banco Macro S.A. (Ticker: BMA), a resource for investors and traders seeking the latest updates and insights on Banco Macro S.A..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Banco Macro S.A.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Banco Macro S.A.'s position in the market.

Rhea-AI Summary
Banco Macro S.A. announces strong financial results for the fourth quarter of 2023 with significant increases in net income, operating income, and total financing. The bank shows robust solvency ratios and continues to serve a large customer base.
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Rhea-AI Sentiment
End-of-Day
8.45%
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Rhea-AI Summary
Banco Macro S.A. (BMA) announced its third-quarter results, with a net income of Ps.7.5 billion in 3Q23, down 87% from 2Q23 and 65% from 3Q22. Operating income increased by 23% YoY and total financing and deposits decreased by 4% and 22% QoQ, respectively. The Bank's solvency and capital ratios remained strong, but the non-performing to total financing ratio was 1.39% in 3Q23.
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End-of-Day
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Banco Macro to acquire Banco Itaú Argentina and its subsidiaries for $50 million
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Rhea-AI Sentiment
End-of-Day
1.39%
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Rhea-AI Summary
Banco Macro's net income in 2Q23 was Ps.44.2 billion, a 265% increase from 1Q23 and a 394% increase from 2Q22. Operating income before expenses increased by 27% to Ps.264.1 billion, and total financing increased by 3% to Ps.893.2 billion. Total deposits increased by 5% to Ps.1.9 trillion. Solvency ratio remained strong at 35.9%. Non-performing to total financing ratio was 1.37% with a coverage ratio of 146.05%.
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Rhea-AI Sentiment
End-of-Day
1.39%
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Rhea-AI Summary
Itaú Unibanco is in preliminary negotiations to divest its operations in Argentina to Banco Macro. The sale has not been finalized yet.
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End-of-Day
14.01%
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-2.86%
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7.67%
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-0.81%
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Banco Macro S.A.

NYSE:BMA

BMA Rankings

BMA Stock Data

3.67B
221.63M
5.32%
1.49%
Commercial Banking
Finance and Insurance
Link
Argentina
Zona Norte

About BMA

Banco Macro is the second largest domestically-owned private bank in Argentina, and the sixth-largest by deposits and lending.