Macro Rises On Unusually High Volume (BMA)

NEW YORK ( TheStreet) -- Macro Bank (NYSE: BMA) is trading at unusually high volume Friday with 797,537 shares changing hands. It is currently at 6.4 times its average daily volume and trading up $2.65 (+7.9%) at $36.26 as of four p.m. ET.

Macro has a market cap of $2.1 billion and is part of the financial sector and banking industry. Shares are down 33% year to date as of the close of trading on Thursday.

Banco Macro S.A. provides banking products and services to individuals, entrepreneurs, companies, and corporate customers in Argentina. The company has a P/E ratio of 25.3, above the average banking industry P/E ratio of 8.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macro as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, expanding profit margins and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Macro Ratings Report.

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