Wealth Finance

Morgan Stanley (NYSE: MS) research analysts began coverage for shares of Banco Macro SA (NYSE: BMA) in a research note issued to investors on Wednesday. They set an &8220;overweight&8221; rating on the company&8217;s stock.

Banco Macro SA (NYSE: BMA)&8217;s stock traded down 1.07% on Friday, hitting $49.18. Banco Macro SA has a 52 week range of $22.50 to $56.99. The stock&8217;s 50-day moving average is $50.3 and its 200-day moving average is $44.3. Analysts predict on average that Banco Macro SA will post $1.10 earnings per share next quarter. The company has a market cap of $2.924 billion and a P/E (price-to-earnings ratio) of 12.04.

About Banco Macro SA (NYSE: BMA)Banco Macro S.A. (the Bank) is an Argentina-based bank. The Bank provides standard banking products and services to a nationwide customer base. The Bank has two categories of customers: retail customers, which include individuals and very small companies, and corporate customers, which include small, medium and large companies and major corporations. In addition, it provides services to four provincial governments. The Bank offers a range of standard products, which are available to both its retail and corporate customers. Retail customers are individuals, entrepreneurs and very small companies (companies with less than Pesos one million in sales per year). It provides services to them throughout Argentina, in particular outside of the City of Buenos Aires, which has higher concentrations of low- and middle-income individuals who are traditionally underserved by large private banks.

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