BMA Overview

Nu Holdings Stock Performance: Nu Holdings closed at $15.86, down 2.10%, with trading volume significantly above its three-month average, reflecting investor concerns about sustaining profitability gains amid mixed institutional ownership signals.

Market Context: The S&P 500 and Nasdaq Composite also experienced declines, indicating a broader downturn in the market, particularly affecting Latin American financial stocks like Banco Macro and Grupo Financiero Galicia.

Institutional Ownership Changes: Recent 13F filings showed contrasting actions from asset managers regarding Nu Holdings, with Assenagon Asset Management increasing its stake by nearly 92%, while Salem Investment Counselors reduced its position slightly, suggesting differing strategies rather than fundamental concerns.

Investment Insights: The Motley Fool recommends Nu Holdings and highlights the potential benefits of following their stock tips, noting their Stock Advisor's impressive average return compared to the S&P 500.

Financial Loss: Banco Macro SA reported a loss of $24.9 million in its third quarter, equating to a loss of 39 cents per share.

Revenue Performance: The bank's revenue for the period was $1.05 billion, with net revenue of $650.3 million falling short of market expectations.

Stock Decline: Banco Macro's shares have decreased by 15% since the start of the year, closing at $82.21, which is nearly a 2% decline over the past 12 months.

Source of Information: The report was generated by Automated Insights using data from Zacks Investment Research.

Net Income Decline: Banco Macro reported a net income of Ps.176.7 billion for 9M, which is a 35% decrease compared to the same period last year, amounting to Ps.95.2 billion less.

Operating Income Drop: The bank's operating income, after accounting for general and administrative expenses and personnel costs, reached Ps.1.03 trillion, reflecting a significant decline of 64% or Ps.1.84 trillion compared to 9M24.

Financial Performance: Banco Macro reported a net income of Ps.176.7 billion for the first nine months of 2025, a 35% decrease compared to the same period in 2024, with an annualized return on average equity of 4.5% and return on average assets of 1.3%.

Operating Income and Financing: The bank's operating income for 9M25 was Ps.1.03 trillion, down 64% from the previous year, while total financing increased by 3% quarter over quarter and 69% year over year, totaling Ps.10.12 trillion.

Deposits and Solvency: Total deposits rose by 5% QoQ and 11% YoY, reaching Ps.11.81 trillion, with a strong solvency ratio indicated by an excess capital of Ps.3.30 trillion and a capital adequacy ratio of 29.9%.

Customer Base and Non-Performing Loans: Banco Macro serves 6.29 million retail customers and 219,235 corporate customers, with a non-performing to total financing ratio of 3.19% and a coverage ratio of 120.87%.

Earnings Reports Today: Major companies reporting earnings today include Banco Macro SA, Deere, Gaotu Techedu, Ehang Holdings, and Li Auto.

Expected Earnings Moves: TipRanks provides insights into expected earnings moves based on options prices, which many investors monitor before announcements.

Pre-Market Earnings: Companies reporting before market open include Deere (expected move +/- 4.99%), Gaotu Techedu (+/- 21.84%), Ehang Holdings (+/- 8.34%), and Li Auto (+/- 6.99%).

Post-Market Earnings: Banco Macro SA is set to report after market close with an expected move of +/- 13.11%, and caution is advised due to the risks associated with options trading.