Banco Macro Reports $24.9M Loss, Stock Plummets

Banco Macro, Argentinas major bank, reports a $24.9 million loss in Q3, translating to a 39-cent loss per share. Despite generating $1.05 billion in revenue, the bank fell short of analysts predictions. Shares have plummeted 15% this year, closing at $82.21, a 2% drop over the past twelve months. The bank faces a challenging economic landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.