IntrinsicIntrinsic

Dividends & Buybacks ·

Macro Bank Inc. buys back 685,000 shares for Ps$6.67B at an average price of Ps$9,735 per share

BMAMacro Bank Inc.

Macro Bank Inc. acquired 685,000 of its own common Class B shares under Argentine regulations governing treasury stock transactions. The repurchase was executed at an average price of Ps$9,735.013 per share, resulting in a total aggregate expenditure of approximately Ps$6.67 billion. This transaction reduces the number of outstanding shares held by public investors and reflects management's capital allocation strategy regarding excess liquidity or valuation assessment. Macro Bank Inc. operates as a commercial bank providing financial services including lending, deposits, and investment products primarily within Argentina.

More from Macro Bank Inc.

Explore BMA