U.S. Markets open in 1 hr 29 mins

Banco Macro (BMA) Catches Eye: Stock Jumps 6.8%

Zacks Equity Research

Banco Macro S.A. BMA was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 32.9% in the past one-month time frame.

The company has not seen any estimate revision in the past month, while the Zacks Consensus Estimate has moved lower over the same time frame, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Banco Macro currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.

Macro Bank Inc. Price

Macro Bank Inc. Price

Macro Bank Inc. price | Macro Bank Inc. Quote

Investors interested in the Banks - Foreign industry may consider DBS Group Holdings Ltd DBSDY, which also has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BMA going up? Or down? Predict to see what others think:Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Macro Bank Inc. (BMA) : Free Stock Analysis Report
 
DBS Group Holdings Ltd (DBSDY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research