Why Investors Were Banking on Banco Macro Stock Today

Key Points The veteran South American bank announced a share repurchase program. It will buy back up to roughly $157 million of its equity. 10 stocks we like better than Banco Macro › Argentinian lender Banco Macro (NYSE: BMA) is preparing to spend millions of dollars on buying back its own stock, and investors were over the moon about it. They expressed this by pushing the South American bank's American Depositary Receipts (ADRs) up by over 17% that trading session. That performance obliterated th ...