BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Banco BBVA Argentina S.A. (BBAR) on Wednesday reported second-quarter profit of $48.3 million.
The Buenos Aires, Argentina-based bank said it had earnings of 24 cents per share.
The financial holding company posted revenue of $1.12 billion in the period. Its revenue net of interest expense was $719.7 million, which beat Street forecasts.
Banco BBVA shares have dropped 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.93, a rise of 45% in the last 12 months.
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