Banco Macro Reports $24.9M Loss, Stock Plummets
Update: 2025-11-26
Description
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.
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