Dropping The 52 Week Low, Banco Macro SA (ADR) (NYSE:BMA) Close At $67.66

Banco Macro SA (ADR) (NYSE:BMA)

June 14th, 2018

Banco Macro SA (ADR) fell $9.24 Thursday, down 12.02%, closing at $67.66. In addition to the drop in value, Banco Macro SA (ADR) hit a new 52 week low of $66.55.

BMA was outperformed by the rest of the Financials sector which went down just 0.93%.

Forecasts from 12 analysts indicates that Banco Macro SA (ADR) could grow significantly (48%), while Finbox has calculated (with very high uncertainty) a fair value price of $124.69.

Banco Macro SA (ADR) Info

Banco Macro S.A. provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services that include deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services. Further, the company provides trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; transaction services, such as collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; and information services, such as Datanet and Interpymes services to corporate customers. As of December 31, 2017, it operated through a network of 445 branches, 1,443 ATMs, 912 self-service terminals, and service points. Banco Macro S.A. also offers Internet banking services. The company was incorporated in 1988 and is headquartered in Buenos Aires, Argentina.

All amounts in USD unless otherwise indicated

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