BUENOS AIRES, Argentina (AP) _ Banco Macro SA (BMA) on Monday reported second-quarter net income of $94.8 million.
The Buenos Aires, Argentina-based bank said it had earnings of $1.42 per share.
The financial holding company posted revenue of $523.3 million in the period. Its revenue net of interest expense was $381.6 million, which beat Street forecasts.
Banco Macro shares have decreased 48% since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.81, a decrease of 14% in the last 12 months.