Major U.S. indexes — the Dow, the S&P 500 and the Nasdaq — have given investors a positive return of 4.7%, 11.5% and 11%, respectively, in the year-to-date period. Though inflation, which remains the biggest threat to the economy, resumed its downtrend in the second quarter of 2024 and economic growth improved, an unexpectedly weak employment report rekindled worries of a recession. Owing to cheap gasoline prices and moderating rents, the Consumer Price Index (CPI) saw a dip for the first time in more than ...

Financial Position - Total assets as of March 31, 2024, amounted to 9,998,065,767 thousand pesos, a decrease from 10,187,584,350 thousand pesos as of December 31, 2023, representing a decline of approximately 1.86%[12] - Total liabilities decreased from 7,087,477,882 thousand pesos as of December 31, 2023, to 6,637,690,706 thousand pesos as of March 31, 2024, representing a reduction of approximately 6.35%[13] - Total shareholders' equity increased from 3,100,106,468 thousand pesos as of December 31, 2023, to 3,360,375,061 thousand pesos as of March 31, 2024, reflecting a growth of approximately 8.4%[13] - Total consolidated assets as of March 31, 2024, amount to 9,998,065,767 thousand pesos, an increase from 10,187,584,350 thousand pesos as of December 31, 2023[62] - The total liabilities as of March 31, 2024, are 6,637,690,706 thousand pesos, compared to 7,087,477,882 thousand pesos at the end of 2023, indicating a decrease[62] - Equity attributable to the owners of the Bank increased to 3,360,113,431 thousand pesos as of March 31, 2024, from 3,099,400,076 thousand pesos as of December 31, 2023, reflecting a growth of approximately 8.4%[62] Cash and Liquidity - Cash and deposits in banks decreased to 1,149,471,536 thousand pesos from 1,824,170,723 thousand pesos, a reduction of about 37.0%[12] - The cash and cash equivalents at the end of the period were 1,514,831,816 thousand pesos in 2024, down from 3,706,104,818 thousand pesos in 2023, indicating a decrease in liquidity[26][28] - Cash flows from operating activities decreased to 27,607,098 thousand pesos in 2024 from 706,200,540 thousand pesos in 2023, reflecting a substantial decline[24][26] Income and Earnings - Net interest income for the quarter ended March 31, 2024, was 167,514,833 thousand pesos, down 55.8% from 378,800,894 thousand pesos in the same quarter of 2023[15] - Net income for the period attributable to controlling interests increased significantly to 275,419,727 thousand pesos for the quarter ended March 31, 2024, compared to 37,868,540 thousand pesos in the same quarter of 2023, marking a growth of 627.5%[17] - Basic earnings per share rose to 430.7384 pesos for the quarter ended March 31, 2024, compared to 59.2239 pesos in the same quarter of 2023, reflecting a substantial increase of 627.5%[17] - Total comprehensive income for the period was 260,529,093 thousand pesos, a significant increase from 34,696,258 thousand pesos in the same quarter of 2023[20] - The company reported a net operating income of 1,620,119,691 thousand pesos for the quarter ended March 31, 2024, compared to 650,841,715 thousand pesos in the same quarter of 2023, indicating a growth of 148.5%[15] Expenses and Losses - Employee benefits expenses increased to 133,391,711 thousand pesos in the quarter ended March 31, 2024, from 91,025,551 thousand pesos in the same quarter of 2023, representing a rise of 46.5%[15] - The company experienced a credit loss expense on financial assets of 18,857,427 thousand pesos for the quarter ended March 31, 2024, compared to 13,492,348 thousand pesos in the same quarter of 2023, an increase of 39.5%[15] - The total loss from operations was 30,816 thousand pesos, highlighting challenges in profitability[199] Loans and Financing - Loans and other financing decreased to 2,500,584,654 thousand pesos from 2,780,228,296 thousand pesos, reflecting a decline of approximately 10.1%[12] - Non-financial private sector loans decreased to 2,478,130,098 thousand pesos from 2,757,967,464 thousand pesos, a decrease of approximately 10.1%[12] - The allowance for expected credit losses (ECL) on loans and other financing was 69,202,619 thousand pesos as of March 31, 2024, compared to 81,341,779 thousand pesos as of December 31, 2023, representing a reduction of approximately 15%[114] - The total performing loans amounted to 2,569,787,273, with a performing rate of 95.93%[117] - The total impaired loans reached 26,194,488, accounting for 1.02% of the total loan portfolio[117] Investments and Acquisitions - The company made an acquisition of 100% of Macro Agro SAU for USD 5,218,800, enhancing its position in the grain brokerage sector[33] - The fair value of net assets acquired from Macro Agro SAU amounted to USD 1,642,857, with goodwill generated from the acquisition totaling USD 515,451[167] - The total price for the Banco Itaú acquisition was established at USD 50,000,000, with an additional adjustment amounting to USD 7,564,706 expected in May 2024[179] - The estimated gain from the acquisition of Banco BMA SAU was recorded at 237,694,794, reflecting the excess of net assets acquired over the purchase price[182] Market Strategy and Operations - Banco Macro SA's market strategy continues to focus on regional areas outside Buenos Aires, aiming to strengthen its multiservice banking capabilities[31][32] - The company has a consolidated equity interest of 10.6228% in Play Digital SA, aimed at improving payment solutions for users[32] - The merger of Banco BMA SAU into Banco Macro SA is in process, with retroactive incorporation effective January 1, 2024[184] Regulatory and Accounting Standards - The Bank's financial statements are prepared in accordance with the accounting framework established by the BCRA, based on IFRS standards[47] - If IFRS 9 had been fully applied, the Bank would have recorded a decrease in "Other operating income" of 2,012,244 thousand pesos for the period ended March 31, 2024[51] - The Bank has adopted amendments to IFRS 16 regarding sale and leaseback transactions, effective January 1, 2024, with no material impact on the financial statements[90] Related Party Transactions - Related party transactions were conducted under normal market conditions, ensuring compliance with standard pricing and interest rates[200] - The company reported total income from related party transactions of 2,844,589 thousand pesos for the three-month period ended March 31, 2024[197]

Banco Macro is one of 863 companies in the Finance group. The Finance group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. Another stock in the Finance sector, Bancolombia (CIB) , has outperformed the sector so far this year. The stock's year-to-date return is 11.1%. Banco Macro and Bancolombia could continue their soli ...

More intriguing, several of these top finance stocks have dividend yields over 3%, and here are two to consider. Image Source: Zacks Investment Research Image Source: Zacks Investment Research Image Source: Zacks Investment Research Macro Bank (BMA) Morgan Stanley ( MS Quick Quote |- Eree Report) The cherry on top especially for longer term investors is Morgan Stanley's 3.55% annual dividend yield which tops its Zacks Financial-Investment Bank Industry average of 2.08%. Eurthermore, Morgan Stanley's Bottom ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 June 11, 2024 Commission File Number: 001-32827 MACRO BANK INC. (Translation of registrant's name into English) Avenida Eduardo Madero 1182 Ciudad Autónoma de Buenos Aires C1106 ACY Tel: 54 11 5222 6500 (Address of registrant's principal executive of ices) Indicate by check mark whether the registrant files or will file annual reports ...

Outside of Nvidia (NVDA) , two companies that impressively exceeded their quarterly earnings expectations this week and continued the incredible rally in their stocks are Deckers Outdoor (DECK) and Macro Bank (BMA) . The substantial increase on their bottom lines is reason to believe earnings estimate revisions could trend higher for Deckers Outdoor and Macro Bank in the following weeks. This could certainly be a catalyst for more upside in Deckers Outdoor and Macro Bank's stock with both spiking in Friday' ...

Banco Macro S.A. (NYSE:BMA) Q1 2024 Earnings Call Transcript May 24, 2024 12:00 PM ET Company Participants Nicolas Torres - IR Jorge Scarinci - CFO Gustavo Manriquez - CEO Conference Call Participants Ernesto Gabilondo - Bank of America Brian Flores - Citibank Marina Mertens - Latin Securities Carlos Gomez - HSBC David Pardo - Puente Hermanos Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Banco Macro's First Quarter 2023 Earnings Co ...

THE BANK'S NET INCOME totaled Ps.275.2 billion in 1Q24. This result was 61% lower than the Ps.679.3 billion posted in 4Q23 and 626% higher than the Ps.37.9 billion posted in 1Q23. In 1Q24 the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 37.4% and 11.9%, respectively. In 1Q24, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.1.62 trillion, 19% or Ps.388 billion lower than in 4Q23 and 149% or Ps.969.3 billion higher than the same period ...

Market Risk - Foreign exchange market risk increased significantly in 2023, with the maximum risk rising to 32,338.5 million Pesos from 8,930.8 million Pesos in 2022, a variation of 23,407.7 million Pesos[919] - Securities market risk also saw a substantial increase, with the maximum risk reaching 12,808.2 million Pesos in 2022 compared to 3,140.2 million Pesos in 2021, a variation of 9,668.0 million Pesos[919] - The average foreign exchange market risk in 2023 was 15,815.1 million Pesos, a significant increase from 4,977.8 million Pesos in 2022[919] - The average securities market risk in 2022 was 5,005.4 million Pesos, up from 1,633.2 million Pesos in 2021[919] Tax Regulations on Dividends and Investments - Dividend distributions for profits obtained after January 1, 2018, are subject to a 7% income tax withholding for Argentine resident individuals and non-residents[931] - The Equalization Tax imposes a 35% withholding tax on dividends if distributions exceed the "net accumulated taxable income" of the previous fiscal period[931] - Dividend distributions and the sale or exchange of Class B shares or ADSs are exempt from value-added tax[936] - Projects with investments exceeding $500 million can access extended benefits, allowing up to 40% of foreign currency income from exports to be used for debt payments, dividends, or repatriation of investments[924] Capital Gains and Share Transactions - Capital gains from the sale of shares by Argentine corporate entities are subject to progressive tax rates ranging from 25% to 35%, depending on net accumulated taxable income[932] - Net taxable income up to $34,703,523.08 is taxed at 25%, while income over $347,035,230.79 is taxed at 35%[932] - Starting in 2018, Argentine resident individuals and undivided estates are exempt from capital gains tax on the sale of shares traded on CNV-authorized stock markets[932] - Free transmission of Class B shares or ADSs in Buenos Aires is exempt for transfers up to Ps.2,038,752, increasing to Ps.8,488,486 for transfers among parents, children, and spouses[914] Taxes on Financial Transactions - The general tax rate on debits and credits in Argentine bank accounts is 0.6%, with increased rates of 1.2% and reduced rates of 0.075%[937] - 33% of the tax paid at the general 0.6% rate can be considered as a tax credit against specific taxes, while 33% of the tax paid at the 1.2% rate can also be used as a credit[937] - The tax on debits and credits (TDC) applies until December 31, 2027, as extended by Law 27.702[937] - A 30% federal tax applies to certain transactions for the purchase of foreign currency for saving purposes or without a specific destination, effective from December 23, 2019[939] - A 30% income tax collection applies to operations subject to PAIS Tax for Argentine residents, as per General Resolution (AFIP) N° 4815/2020[939] Other Taxes and Exemptions - The Personal Assets Tax rate for holding company shares is 0.50% of the proportional net worth value as of December 31st of each year[935] - A court tax of 3.0% is imposed on claims brought before federal courts in Argentina or courts in the City of Buenos Aires[943] - Gross turnover tax rates vary by province and activity type, with exemptions for transactions involving shares and dividends in the City of Buenos Aires[940]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...