Banco Macro Reports 35% Decline in Nine-Month Net Income

Banco Macro reported a 35% decline in nine-month net income to Ps.176.7 billion, a 64% drop in operating income, and a stable financial position with a low debt-to-equity ratio of 0.22. The bank's revenue over the trailing twelve months is $3.55 billion, with a three-year revenue growth rate of 58.9%. Analyst sentiment is cautiously optimistic with a target price of $106.71 and a "Buy" consensus.