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BMABanco Macro S.A.
$74.60$4.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
BMA logo

Banco Macro S.A.

BMA
NYSE · Regional Banks
$74.60
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$4.77B
P/E21.4x
52W High$106.15
Volume308.52K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Sovereign-Tethered NIM Recovery Masks Extreme Earnings Volatility

Banco Macro's fundamental outlook is defined by a dramatic, but likely unsustainable, profit recovery, with Q2 2026 net income of ARS 204.1 billion marking a sharp reversal from a deep loss of ARS 316.6 billion in Q2 2024, suggesting operational stabilization ...

GrowthAccelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

BMA price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+49% Peers

P/E is 49% above peer median

03

Market leadership

RS 38 · Lag

Laggard (Underperforming 62% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 19

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BMA-12.44%
S&P 500 (^GSPC)+13.20%
1-Year Return
BMA+66.79%
S&P 500 (^GSPC)+15.98%
3-Year Return
BMA+292.55%
S&P 500 (^GSPC)+82.58%
5-Year Return
BMA+428.87%
S&P 500 (^GSPC)+74.37%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
21.4x
Forward P/EExpansion
0.0x
EV/EBITDA
7.5x
FCF YieldCash Flow
0.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
21.4x
0.0x
100th· High
EV/EBITDA
7.5x
N/A
N/A
Price/FCF
4619.3x
0.0x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$33.58-55.0%
Base (Fair)$52.08-30.6%
Bull$71.66-3.9%
$33.58 Bear$52.08 Base$71.66 Bull
Current Market Price: $74.60
Trades at a 43.2% premium to Base DCF ($52.08)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$3565.94B-21.1% YoY
Net income
$337.27B+3.6% YoY
Free cash flow
$1.56B-99.8% YoY
Operating margin
16.7%+8.7 pts YoY
ROIC (TTM)7.9%
Avg ROIC 5Y-
ROE (TTM)7.3%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate8/12 (80%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 19, 2026
$2.17+36.5%
vs $1.59
$862M-8.9%
vs $946M
Q2 2026
May 27, 2026
$1.59+12.0%
vs $1.42
$993M+18.5%
vs $838M
Q2 2026
Apr 20, 2026
$1.24-10.1%
vs $1.38
$827M-1.2%
vs $838M
Q1 2026
Feb 26, 2026
$1.98+43.5%
vs $1.38
$898M+18.4%
vs $759M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·5d ago
Engineers Gate Manager LP Makes New Investment in Macro Bank Inc. $BMA

Engineers Gate Manager LP purchased a new position in shares of Macro Bank Inc. (NYSE: BMA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,310 shares of the bank's stock, valued at approximately $1,418,000. A number of other institutional investors have

Zacks Investment Research·6d ago
BMA vs. NABZY: Which Stock Should Value Investors Buy Now?

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Banco Macro (BMA) and National Australia Bank Ltd. (NABZY). But which of these two stocks is more attractive to value investors?

Zacks Investment Research·6d ago
Are Investors Undervaluing Macro Bank (BMA) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Seeking Alpha·6d ago
Banco Macro: Weaker Operating Momentum Makes Me More Cautious

Banco Macro remains a quality Argentine banking play, but near-term risk-reward has deteriorated. Q2 2026 earnings beat expectations, with EPS of $1.92 versus $1.46 consensus and resilient net interest margins. BMA revised loan growth guidance sharply lower to 2-5% for 2026, citing subdued credit demand and rising delinquencies.

Filtered for Banco Macro S.A.More Headlines
04

Compare before deciding

Benchmark BMA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Banco Macro S.A. (BMA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BMA logoBMABanco Macro S.A.Current
$74.60$4.77B21.40-21.14%9.46%7.26%4.36%
GGAL logoGGALGrupo Financiero Galicia S.A.
$41.25$6.63B43.9513.44%1.42%2.12%—
SUPV logoSUPVGrupo Supervielle S.A.
$7.92$693.37M-18.385.78%-2.39%-3.31%—
BBAR logoBBARBanco BBVA Argentina S.A.
$14.13$2.89B13.87-11.01%10.23%10.25%—
CEPU logoCEPUCentral Puerto S.A.
$13.55$2.03B7.6548.67%28.61%17.68%—
ITUB logoITUBItaú Unibanco Holding S.A.
$8.43$92.91B10.964.21%12.29%21.05%—

Compare BMA vs Peers

Banco Macro S.A. (BMA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GGAL

Most directly comparable listed peer for BMA.

Scale Benchmark

vs GS

Larger-name benchmark to compare BMA against a more recognizable public peer.

Peer Set

Compare Top 5

vs GGAL, SUPV, BBAR, CEPU

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BMA Frequently Asked Questions

Banco Macro S.A. (BMA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Banco Macro S.A. growing?

Banco Macro S.A. (BMA) saw revenue decline by 21.1% over the past year.

Is BMA profitable?

Yes, Banco Macro S.A. (BMA) is profitable, generating $426.50B in net income for fiscal year 2025 (9.5% net margin).

Dividend & Returns
Does BMA pay dividends?

Yes, Banco Macro S.A. (BMA) pays a dividend with a yield of 4.36%. This makes it attractive for income-focused investors.

What is BMA's return on equity?

Banco Macro S.A. (BMA) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.

Industry Metrics
What is Banco Macro S.A.'s net interest margin?

Banco Macro S.A. (BMA) has a net interest margin (NIM) of 15.4%. This indicates healthy earnings from lending activities.

What is Banco Macro S.A.'s efficiency ratio?

Banco Macro S.A. (BMA) has an efficiency ratio of 65.7%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in BMA back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

See returns →