Investing.com - Macro Bank reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Macro Bank announced earnings per share of 2.38 on revenue of 465.31M. Analysts polled by Investing.com anticipated EPS of 2.41 on revenue of 388.34M.
Macro Bank shares are down 16.51% from the beginning of the year and are trading at 22.21 , down-from-52-week-high.They are outperforming the Nifty 50 which is down 17.44% year to date.
Macro Bank follows other major Financial sector earnings this month
Macro Bank's report follows an earnings missed by RBC on May 27, who reported EPS of 0.72 on revenue of 7.48B, compared to forecasts EPS of 1.22 on revenue of 8.21B.
Mitsubishi UFJ Financial ADR had matched expectations on May 15 with fourth quarter EPS of -0.05 on revenue of 8.45B, compared to forecast for EPS of -0.05 on revenue of 8.58B.
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