Banco Macro: Q2 Earnings Snapshot

BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Banco Macro SA (BMA) on Wednesday reported second-quarter earnings of $146.7 million.

The Buenos Aires, Argentina-based bank said it had earnings of $2.29 per share.

The financial holding company posted revenue of $1.35 billion in the period. Its revenue net of interest expense was $1.05 billion, topping Street forecasts.

Banco Macro shares have dropped 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $75.28, a climb of 15% 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