The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Banco Macro (BMA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Banco Macro is a member of the Finance sector. This group includes 859 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 ind ...

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.Even though momentum is a popular stock char ...

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.Even though momentum is a popular stock char ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Banco Macro (BMA) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Banco Macro is a member of our Finance group, which includes 856 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of ou ...

Banco Macro (BMA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual inv ...

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 ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Banco Macro S.A. (BMA) : This company which provides various banking products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 37.3% over the last 60 days.Cardinal Health, Inc. (CAH) : This healthcare services and products company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.Royal Caribbean Cruises Ltd. (RCL) : This cruise company has ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, March 1:Banco Macro S.A. (BMA) : This company which provides various banking products and services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 37.3% the last 60 days.This Zacks Rank #1 company has a dividend yield of 7.6%, compared with the industry average of 4%.Cardinal Health, Inc. (CAH) : This healthcare services and products company has witnessed the Zacks Conse ...

Financial Data and Key Metrics Changes - In fiscal year 2023, net income totaled ARS587.7 billion, a 338% increase compared to fiscal year 2022 [3] - Total comprehensive income reached ARS627 billion, up 438% from fiscal year 2022 [3] - Operating income after general, administrative, and personnel expenses was ARS1 trillion, a 189% increase quarter-on-quarter and a 327% increase year-on-year [4] - The efficiency ratio improved to 18.6%, down from 23% in the previous quarter and 28.6% a year ago [9] - The bank's accumulated ROE and ROA were 33.2% and 8.7% respectively, indicating strong earnings potential [37] Business Line Data and Key Metrics Changes - Income from government and private securities decreased by 66% quarter-on-quarter and 72% year-on-year, totaling ARS1.1 trillion for fiscal year 2023, a 3% increase from fiscal year 2022 [5] - Net fee income for the fourth quarter was ARS55.6 billion, a 2% increase from the previous quarter and a 5% increase year-on-year [7] - Interest income from loans and other financing totaled ARS372 billion, a 36% increase quarter-on-quarter and a 73% increase year-on-year [33] - Provision for loan losses increased by 144% quarter-on-quarter and 131% year-on-year, totaling ARS45.9 billion for fiscal year 2023 [38] Market Data and Key Metrics Changes - Total deposits increased by 9% quarter-on-quarter to ARS3.4 trillion but decreased by 16% year-on-year [10] - Private sector deposits increased by 13% quarter-on-quarter, while public sector deposits decreased by 31% [10] - The bank's market share over private sector loans reached 9.1% as of December 2023 [62] - The liquidity ratio of liquid assets to total deposits was 118%, indicating a strong liquidity position [66] Company Strategy and Development Direction - The bank switched from Leliq to dual bonds to mitigate potential risks, aiming for better yields linked to inflation and FX evolution [47] - The legal merger with Itaú is expected to occur in the second half of 2024, with operational integration anticipated between August and October [23][24] - The bank aims to maintain a well-atomized deposit base and improve efficiency standards [66] Management Comments on Operating Environment and Future Outlook - Management indicated that the first quarter of 2024 will see more normalized performance in securities gains compared to the previous quarter [72] - The bank expects ROEs to normalize between 15% to 20% in 2024, reflecting a more challenging environment [48][70] - The bank's strategy focuses on increasing funding on the asset side, enhancing loan and securities growth despite negative real interest rates [25] Other Important Information - The acquisition of Itaú Argentina was completed for $50 million, with potential adjustments based on future performance [14] - The effective tax rate for the fourth quarter was 31.4%, with a full-year rate of 32.5% [60] Q&A Session Summary Question: Can you elaborate on your investment securities and FX positions? - Management indicated that they switched from Leliq to dual bonds and benefited from the devaluation of the official FX in December [18] Question: What should we expect in the first and second quarters of the year? - Management expects a more normalized behavior of securities gains in the first and second quarters of 2024 [72] Question: When do you expect to integrate the newly acquired asset, Itaú? - The operational merger with Itaú is expected in the second half of 2024, specifically between August and October [24] Question: How should we think about loan growth for this year? - Management indicated that Banco Macro should have no problem delivering ROEs around 20% in a normalized scenario, with a forecast of around 15% for 2024 [70]

BUENOS AIRES, Argentina, Feb. 28, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2023 ("4Q23").  All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2022 and 2023 have been restated applying IAS 29 to reflect the accumulated effect of the inflati ...