Banco Macro S.A. ADR (BMA)

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Why is Banco Macro S.A. ADR (BMA) Stock down?

We've noticed a 5.93% decline in Banco Macro S.A. ADR (BMA) stock during the 2024-04-24 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

22 Nov, 2023:

Shares of Banco Macro S.A. ADR (BMA) dropped by 6.69% from $24.35 to $22.72 in the trading on Wednesday, November 22, 2023. The reason why BMA is down today is due to company's third-quarter earnings results for the period ending September 30, 2023. In the third quarter, Banco Macro S.A. reported net interest income of ARS 112,692 million, a decrease from ARS 151,281 million in the same period the previous year. The company's net income for the third quarter was ARS 7,484 million, down from ARS 21,123 million in the prior-year quarter.