Banco Macro SA (BMAN) Stock Price & Analysis
BMAN Stock Chart & Stats
- Day’s Range
- MXN 1,240.00 - MXN 1,244.14
- 52-Week Range
- MXN 1,184.29 - MXN 1,609.30
- Previous Close
- MXN 1,244.14
- Volume
- 0
- Average Volume (3M)
- 33
- Market Cap
- MXN 85.27B
- Enterprise Value
- MXN 4.86B
- Total Cash (Recent Filing)
- MXN 3.33T
- Total Debt (Recent Filing)
- MXN 1.74T
- Price to Earnings (P/E)
- 15.0
- Beta
- 0.69
- Next Earnings
- Nov 25, 2026 (Est.)
- EPS Estimate
- 39.26
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 5.40%
Bulls Say, Bears Say
Bulls Say
Strong Capital And Liquidity
Very high capital and liquidity provide Banco Macro with meaningful resilience against credit losses, deposit volatility, and macroeconomic stress. The surplus also preserves capacity to support lending, invest in strategic initiatives, and absorb regulatory or market changes without immediately weakening financial stability.
Digital And Product Transformation
Broad digital and product development can strengthen customer engagement while expanding fee-generating services beyond traditional lending. Combined with branch and workforce optimization, these initiatives may improve distribution efficiency and create a more scalable platform for durable revenue growth.
Improved Funding Economics
Lower funding costs and higher year-on-year net interest income improve the economics of Banco Macro’s core banking model. If the funding benefit persists, it can support margins and profitability even while loan demand remains restrained, giving management more room to invest in growth and transformation.
Bears Say
Muted Loan Growth
Weak credit growth limits expansion of interest-earning assets and reduces the bank’s ability to compound net interest income through volume. The downgraded outlook also indicates that muted demand and macro uncertainty may constrain revenue growth over the next several quarters, despite strong liquidity.
Rising Delinquencies And Lower Coverage
Rising non-performing loans, especially in consumer credit, could increase provisioning and pressure earnings if deterioration continues. Although coverage remains above the system level and Stage 3 coverage is strong, the sequential decline reduces the margin of protection against further asset-quality weakness.
Continuing Restructuring Costs
Ongoing restructuring charges will suppress reported profitability while Banco Macro closes branches and reduces headcount. Although the program is intended to fund digital and fee initiatives, repeated costs can delay the benefits of transformation and make near-term earnings less representative of underlying operating performance.
Banco Macro SA News
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Banco Macro SA Stock Smart Score
Company Description
Banco Macro SA
Banco Macro S.A. operates as a leading financial services institution in Argentina, providing a broad spectrum of banking products and solutions to both individual consumers and corporate entities nationwide. For its retail customers, the bank offers essential services such as current and savings accounts, along with term deposit options. It also supplies a range of credit and debit cards, various loan products including personal, consumer finance, mortgage, and auto loans, as well as overdraft facilities. Additional services encompass credit-related support, home and vehicle insurance policies, convenient tax and utility bill payment methods, and money transfer capabilities, all accessible through its extensive network of ATMs. Retail offerings further extend to document discounting and pledged loan options. Corporate clients benefit from a specialized suite of services, including diverse deposit accounts, lending facilities such as working capital and investment project financing, guaranteed loans, and credit lines for international trade. The company also provides check cashing advances, factoring, leasing solutions, and comprehensive cash management services. Other offerings include trust administration, payroll services, financial agency support, corporate credit cards, and other tailored products. Furthermore, the bank facilitates transactional needs through cash management, collection services, supplier payment processing, foreign exchange transactions, and foreign trade support, augmented by information services like Datanet and Interpymes. Short-term and medium-to-long-term corporate financing are also available. Both retail and corporate segments are supported by the bank's digital channels, offering internet and mobile banking services. As of December 31, 2021, Banco Macro maintained a significant physical presence throughout Argentina, operating 466 branches, 1,779 automated teller machines, and 955 self-service terminals, alongside various other customer touchpoints. The institution was founded in 1966 and is headquartered in Buenos Aires, Argentina.
- Sector
- Financial
- Industry
- Banks - Regional
- CEO
- Juan Martin Parma
- Employees
- 8,490
- Website
- www.macro.com.ar
- Address
- Avenida Eduardo Madero 1172, Buenos Aires, BA, C1106ACY, AR
Banco Macro SA (BMAN) Earnings & Revenues
BMAN Earnings Call
Earnings Call SentimentPositive
The call presented a mix of constructive operational and financial achievements—strong quarterly profitability improvement, upgraded adjusted ROE guidance, robust capital and liquidity, high stage 3 coverage and continued execution of a multi-year digital and product transformation—balanced against ongoing challenges: muted loan growth, a sequential rise in NPLs (notably in consumer), significant one-time restructuring charges, some compression in asset yields, and macro/political uncertainty heading into an election year. Management provided conservative forward guidance for loan growth and cost-of-risk while highlighting capacity to invest and pursue strategic opportunities.
View all MX:BMAN earnings summariesBMAN Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 2 | 1 | 16 |
| Technical Analysis | 2 | 1 | 4 |
| Moving Averages | 0 | 0 | 12 |