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Stock impact report

Banco Macro Announces Results for the Second Quarter of 2019

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 Check Earnings Report
Company Research Source: PR Newswire
BUENOS AIRES, Argentina, Aug. 7, 2019 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2019 ("2Q19").  All figures are in Argentine pesos (Ps.) SummaryThe Bank's net income totaled Ps.7.0 billion in 2Q19. This result was 4% lower than the Ps.7.3 billion posted in 1Q19 and 124% higher than in 2Q19. In 2Q19, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 47% and 7.7%, respectively. In 2Q19 Recurring Net Income totaled Ps.7.8 billion increasing 37% or Ps.2.1 billion compared with the previous quarter.        In 2Q19, Banco Macro's financing to the private sector grew Ps.705 million quarter over quarter ("QoQ") totaling Ps.174.7 billion and increased 16% or Ps.23.8 billion year over year ("YoY"). In the quarter, growth was driven by commercial loans, among which Overdrafts and Others stand out, w Show less Read more
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