BMA Stock - Banco Macro S.A.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $6.46T | $9.69T | $5.37T | $1.70T | $587.93B |
| Gross Profit | $4.41T | $6.04T | $3.23T | $1.11T | $385.95B |
| Gross Margin | 68.3% | 62.3% | 60.2% | 65.3% | 65.6% |
| Operating Income | $360.01B | $1.88T | $401.07B | $145.94B | $115.26B |
| Net Income | $325.50B | $1.27T | $276.45B | $138.74B | $76.90B |
| Net Margin | 5.0% | 13.1% | 5.1% | 8.2% | 13.1% |
| EPS | $5090.60 | $9185.40 | $673.10 | $424.20 | $473.60 |
Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. As of December 31, 2021, it operated through a network of 466 branches, 1,779 ATMs, 955 self-service terminals, and various service points. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 15th 2025 | HSBC Securities | Downgrade | Hold | $80 |
| October 27th 2025 | Itau BBA | Upgrade | Outperform | - |
| October 22nd 2025 | JP Morgan | Upgrade | Overweight | $79 |
| October 1st 2025 | HSBC Securities | Upgrade | Buy | $80 |
| May 20th 2025 | Itau BBA | Initiation | Market Perform | $85 |
| December 16th 2024 | Morgan Stanley | Upgrade | Overweight | $12.5 |
| August 30th 2024 | JP Morgan | Upgrade | Neutral | $78← $14 |
| August 8th 2024 | BofA Securities | Upgrade | Neutral | $62← $53 |
Earnings History & Surprises
BMAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | $1.69 | — | — | — |
Q1 2026 | Feb 25, 2026 | $2.64 | — | — | — |
Q4 2025 | Nov 26, 2025 | $0.67 | $-0.39 | -158.2% | ✗ MISS |
Q3 2025 | Aug 27, 2025 | $1.99 | $1.95 | -2.0% | ✗ MISS |
Q2 2025 | May 28, 2025 | $1.66 | $0.65 | -60.8% | ✗ MISS |
Q2 2025 | Apr 2, 2025 | $2.41 | $8.89 | +268.9% | ✓ BEAT |
Q4 2024 | Nov 27, 2024 | $2.21 | $1.51 | -31.7% | ✗ MISS |
Q3 2024 | Aug 22, 2024 | $1.49 | $-4.01 | -369.1% | ✗ MISS |
Q2 2024 | May 23, 2024 | $2.18 | $5.02 | +130.3% | ✓ BEAT |
Q2 2024 | May 6, 2024 | — | $14.24 | — | — |
Q4 2023 | Nov 22, 2023 | $1.32 | $0.33 | -75.0% | ✗ MISS |
Q3 2023 | Aug 23, 2023 | $2.94 | $2.69 | -8.5% | ✗ MISS |
Q2 2023 | May 17, 2023 | $0.78 | $1.04 | +33.3% | ✓ BEAT |
Q1 2023 | Feb 23, 2023 | $1.24 | $1.47 | +18.5% | ✓ BEAT |
Q4 2022 | Nov 23, 2022 | $0.58 | $0.94 | +62.1% | ✓ BEAT |
Q3 2022 | Aug 24, 2022 | $0.62 | $0.52 | -16.1% | ✗ MISS |
Q2 2022 | May 23, 2022 | $0.57 | $0.88 | +54.4% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | — | $2.58 | — | — |
Q4 2021 | Nov 24, 2021 | $1.06 | $1.16 | +9.4% | ✓ BEAT |
Q3 2021 | Aug 13, 2021 | $0.48 | $0.36 | -25.0% | ✗ MISS |
Latest News
UBS Initiates Coverage On Banco Macro with Buy Rating, Announces Price Target of $130
📈 PositiveShares of Argentine stocks are trading higher on continued strength after President Milei's La Libertad Avanza party recently secured a victory in the midterm legislative elections.
📈 PositiveShares of Argentine stocks are trading higher on continued strength after President Milei's La Libertad Avanza party recently secured a victory in the midterm legislative elections.
📈 PositiveJP Morgan Maintains Overweight on Banco Macro, Raises Price Target to $120
📈 PositiveJP Morgan Upgrades Banco Macro to Overweight, Lowers Price Target to $79
➖ NeutralShares of Argentina-linked stocks are trading higher after US Treasury Secretary Bessent said the US Treasury purchased Argentine Pesos in the open market this morning, and the US could buy Argentine debt. Secretary Bessent also said that the US is working on a $20 billion private sector facility for Argentina, which would sit alongside the swap line and invest in debt.
📈 PositiveCORRECTION: Argentina-linked stocks are trading higher
📈 PositiveShares of Argentina-linked stocks are trading lower. President Trump said if Milei doesn't win, we would not be generous to Argentina.
📉 NegativeShares of Argentina-linked stocks are trading higher due to ongoing US support related to the $20 billion currency swap agreement. The sector may be seeing strength ahead of Argentine President Milei's meeting with President Trump on October 14.
📈 PositiveShares of Argentine stocks are trading higher. The Argentine government is taking measures to support the peso and prevent excessive depreciation.
📈 PositiveBanco Macro shares are trading higher after the company announced a Ps.$225 bullion share buyback program.
📈 PositiveReported Earlier, Banco Macro Announces Ps.$225B Share Buyback Program To Repurchase Up To 30M Class B Shares
📈 PositiveHSBC Upgrades Banco Macro to Buy, Lowers Price Target to $80
📈 PositiveShares of Argentine stocks are trading lower amid volatility following the recent US plans to support the country with a swap line. Concerns over a potential US government shutdown could also cause uncertainty about US support for Argentina.
📉 NegativeBanco Macro, Sprott, Bitmine, Lemonade among week's biggest financial movers
➖ NeutralShares of U.S.-listed Argentine stocks are trading higher after U.S. Treasury Secretary Bessent says the United States is ready to support Argentina as needed.
📈 PositiveShares of Argentine stocks are trading higher after US Treasury Secretary Bessent said the Treasury 'stands ready' to support Argentina. Bessent cited options including swap lines, direct currency purchases and purchases of US dollar-denominated government debt.
📈 PositiveCitigroup Downgrades Banco Macro to Neutral
➖ NeutralShares of Argentine stocks are trading lower after the country's opposition Peronist party won in the Buenos Aires provincial election.
📉 NegativeBanco Macro Q2 EPS $1.95 Misses $1.99 Estimate, Sales $696.889M Miss $848.730M Estimate
📉 NegativeFrequently Asked Questions about BMA
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