U.S. Markets open in 2 hrs 46 mins

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.


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