Banco Macro Q2 Net Income Ps.233.2B Loss; Net Interest Income Ps.188B Down From Ps.213.1B YoY
Portfolio Pulse from Benzinga Newsdesk
Banco Macro reported a net income loss of Ps.233.2 billion for Q2, with net interest income decreasing to Ps.188 billion from Ps.213.1 billion year-over-year.
August 23, 2024 | 7:36 am
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Banco Macro's Q2 results show a significant net income loss of Ps.233.2 billion and a decline in net interest income to Ps.188 billion from Ps.213.1 billion YoY, indicating financial challenges.
The significant net income loss and decrease in net interest income suggest financial difficulties for Banco Macro, likely leading to negative investor sentiment and a short-term decline in stock price.
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