Core Viewpoint - Banco Macro is initiating a share repurchase program worth up to $157 million, which has positively impacted its stock price, leading to a significant increase in its American Depositary Receipts (ADRs) [1][2]. Group 1: Share Repurchase Program - Banco Macro's board has authorized a buyback of up to 225 billion Argentine pesos ($157 million) for its Class B stock [2]. - The bank will pay a maximum of 7,500 pesos ($5.25) per share for the buyback [3]. - The repurchase program is set to last for 60 days, with the possibility of extension, and will be announced in the Buenos Aires Stock Exchange Bulletin [3]. Group 2: Market Reaction - Following the announcement of the buyback program, Banco Macro's ADRs surged over 17%, outperforming the S&P 500, which declined by 0.3% on the same trading day [1].