Banco Macro SA (NYSE: BMA) has reported earnings for its third fiscal quarter (ending September 30) of $1.56 versus $0.29 for the same period a year ago — an increase of 438%. For the latest four quarters through September 30, E.P.S. were $10.79 versus $4.93 for the same period a year ago — an increase of 119%.
Recent Price Action
Banco Macro SA (NYSE: BMA) stock declined by -2.1% on 11/27/24. The shares closed at $82.04. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.5% during the last week.
Current PriceTarget Research Rating
Banco Macro has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco Macro has a slightly negative Appreciation Score of 38 but a very high Power Rating of 90, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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