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Banco Macro: Q1 Earnings Snapshot

May 23, 2022 GMT

BUENOS AIRES, Argentina (AP) _ Banco Macro SA (BMA) on Monday reported first-quarter earnings of $56.5 million.

The bank, based in Buenos Aires, Argentina, said it had earnings of 88 cents per share.

The financial holding company posted revenue of $742.6 million in the period. Its revenue net of interest expense was $489.6 million, which topped Street forecasts.

Banco Macro shares have risen 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.13, a rise of 6.5% 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