Banco Macro S.A.-Banco Macro (BMA) Moves 4.6% Higher: Will This Strength Last?

Company Overview - Banco Macro (BMA) shares increased by 4.6% to $109.29 in the last trading session, with a notable trading volume, contributing to a total gain of 6.9% over the past four weeks [1][2] Financial Performance - The upcoming quarterly earnings for Banco Macro are projected at$ 2.40 per share, reflecting a significant year-over-year decline of 73%. Expected revenues are $658.48 million, down 76.7% compared to the same quarter last year [3] Market Outlook - With inflation in Argentina cooling down, there is anticipation of interest rate cuts from the current 32%. This environment is expected to boost demand for loans and reduce funding costs for banks, positively impacting the banking sector and enhancing investor sentiment towards BMA stock [2][4] Earnings Estimates - The consensus EPS estimate for Banco Macro has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Banco Macro is part of the Zacks Banks - Foreign industry, where Bank of Montreal (BMO) also operates. BMO's stock closed 1.1% higher at$ 100.17, with a 2.2% return over the past month. BMO's EPS estimate is $1.70, reflecting a 10.5% decline from the previous year [4][5]