Banco Macro Announces Results for the Third Quarter of 2024
Banco Macro S.A. ADR (representing Ten Class B Common Shares) (BMA)
Last banco macro s.a. adr (representing ten class b common shares) earnings: 2/19 05:15 pm
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US:NYSE Investor Relations:
ri-macro.com.ar/bancomacro/web/default_en.asp?idioma=1&conta=44
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Source: PR Newswire
BUENOS AIRES, Argentina, Nov. 27, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2024 ("3Q24"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2024.SummaryTHE BANK'S NET INCOME totaled Ps.91.3 billion in 3Q24. This result was 293% or Ps.68.1 billion higher than in 3Q23. In 3Q24, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 6.8% and 2.1%, respectively. In 3Q24, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.829.2 billion, 61% or Ps.313 billion higher than in 2Q24 and 25%
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News
- Banco Macro S.A. (NYSE: BMA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "overweight" rating. They now have a $12.50 price target on the stock.MarketBeat
- Banco Macro Announces Results for the Third Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
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- Banco Macro S.A. (NYSE: BMA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
BMA
Earnings
- 2/28/24 - Beat
BMA
Sec Filings
- 11/27/24 - Form 6-K
- 11/27/24 - Form 6-K
- 11/15/24 - Form 6-K
- BMA's page on the SEC website