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Banco Macro: 2Q Earnings Snapshot

BUENOS AIRES, Argentina (AP) _ Banco Macro SA (BMA) on Wednesday reported second-quarter profit of $135.4 million.

The Buenos Aires, Argentina-based bank said it had earnings of $2.02 per share.

The financial holding company posted revenue of $591.7 million in the period. Its revenue net of interest expense was $478 million, surpassing Street forecasts.

Banco Macro shares have fallen 59 percent since the beginning of the year. The stock has fallen 51 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMA at https://www.zacks.com/ap/BMA