Banco Macro SA
BCBA:BMA
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
B
|
Banco Macro SA
BCBA:BMA
|
AR |
|
S
|
Seafco PCL
SET:SEAFCO
|
TH |
|
Birchtech Corp
TSX:BCHT
|
US |
|
Novus Holdings Ltd
F:N09
|
ZA |
|
Renta Corporacion Real Estate SA
LSE:0FSJ
|
ES |
|
P
|
Proen Corp PCL
SET:PROEN
|
TH |
|
J
|
JTEKT Corp
F:6JK
|
JP |
|
P
|
Phatra Leasing PCL
SET:PL
|
TH |
|
K
|
KC Metalsheet PCL
SET:KCM
|
TH |
Earnings Calls
Last Earnings Call
Strong Net Income: Banco Macro reported ARS44.2 billion net income, up 265% quarter-over-quarter and 394% year-over-year.
Efficiency Gains: Efficiency ratio improved to 21.7% from 25.5% last quarter, reflecting higher income and controlled expenses.
Asset Quality & Provisioning: Asset quality remains stable, but provisions for loan losses rose 28% quarter-over-quarter due to a conservative approach amid expected economic slowdown.
Major Acquisition: Banco Macro announced the acquisition of Banco Itau Argentina for $50 million, about 20% of book value, aiming to expand its presence in Greater Buenos Aires.
Capital Strength: The bank will maintain a strong capital position (Tier 1 ratio around 30%) even after the acquisition and dividend payments.
Guidance & Outlook: 2023 ROE forecast is around 20%, but management is cautious about guidance for 2024 due to political and macroeconomic uncertainty.
Deposit Base & FX: Deposit base remains robust with 5% QoQ growth; FX gains were significant due to peso depreciation and positioning in dual and dollar-linked bonds.