Skip to main content

Trade-Ideas LLC identified

Macro Bank

(

BMA

) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Macro Bank as such a stock due to the following factors:

  • BMA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.4 million.
  • BMA has traded 58,304 shares today.
  • BMA is down 11.9% today.
  • BMA was up 6% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in BMA with the Ticky from Trade-Ideas. See the FREE profile for BMA NOW at Trade-Ideas

More details on BMA:

Banco Macro S.A. provides various banking products and services to individuals, entrepreneurs, and corporate customers in Argentina. BMA has a PE ratio of 3. Currently there are 2 analysts that rate Macro Bank a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Recommends

The average volume for Macro Bank has been 171,800 shares per day over the past 30 days. Macro has a market cap of $3.7 billion and is part of the financial sector and banking industry. Shares are up 55.5% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Macro Bank as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 50.76% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, BMA should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Commercial Banks industry average. The net income increased by 2.8% when compared to the same quarter one year prior, going from $108.16 million to $111.21 million.
  • BANCO MACRO SA's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BANCO MACRO SA increased its bottom line by earning $6.97 versus $6.44 in the prior year. This year, the market expects an improvement in earnings ($7.96 versus $6.97).
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Commercial Banks industry and the overall market, BANCO MACRO SA's return on equity significantly exceeds that of both the industry average and the S&P 500.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.