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; 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 collection services, payments to suppliers, payroll services, and foreign exchange transactions; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. As of December 31, 2020, it operated through a network of 463 branches, 1,578 ATMs, 960 self-service terminals, and service points. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.
IPO Year:
Exchange: NYSE
Website: macro.com.ar
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/20/2025 | $85.00 | Market Perform | Itau BBA |
| 12/16/2024 | $12.50 | Underweight → Overweight | Morgan Stanley |
| 8/30/2024 | $14.00 → $78.00 | Underweight → Neutral | JP Morgan |
| 8/8/2024 | $53.00 → $62.00 | Underperform → Neutral | BofA Securities |
| 1/31/2022 | $15.00 → $12.00 | Neutral → Underweight | JP Morgan |
BUENOS AIRES, Argentina, June 17, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE: "BMA"; ByMA: "BMA") ("Banco Macro") announces today that it has priced an offering of US$400 million of its Notes due 2029 (the "Notes"). The Notes will accrue interest at a fixed annual rate equal to 8.000% until, but excluding, June 23, 2029. The offering is part of the financing program for the issuance by Banco Macro from time to time of up to US$1,500 million aggregate principal amount of debt securities outstanding at any time. The Notes were offered to investors at a price of 99.163% of the principal amount. Banco Macro intends to use the net proceeds from this offering, in compliance with the requirements
BUENOS AIRES, Argentina, May 28, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA)) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2025 ("1Q25"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2025. Summary THE BANK'S NET INCOME totaled Ps.45.7 billion in 1Q25. This result was 59% or Ps.65.3 billion lower than the result posted in 4Q24. In 1Q2
BUENOS AIRES, Argentina, April 21, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE: "BMA"; ByMA: "BMA") ("Banco Macro") announces today the filing of its annual report on Form 20-F and its annual audited financial statements for the fiscal year ended December 31, 2024 (the "2024 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2024 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov in the Section "Search for Company Filings" under CIK code No. 0001347426 or Banco Macro's Investor Relations website at www.macro.com.ar/relaciones-inversores under the Financial Information/Financial Information & Reports /Sec Filing link. In addition,
BUENOS AIRES, Argentina, March 31, 2025 /PRNewswire/ -- Banco Macro S.A.(NYSE:BMA, BYMA: BMA)) ("Banco Macro" or "BMA" or the "Bank") one of the leading Banks in Argentina announced today that the Board of Directors appointed Mr. Juan Parma as its new CEO. This decision is a strategic step forward in the consolidation of Banco Macro's growth plan and reflects the Bank's commitment towards economic development in the country. "The appointment of Mr. Juan Parma as new CEO is a great opportunity to continue strengthening our Bank and think ahead with more growth and innovation,"
BUENOS AIRES, Argentina, Feb. 26, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA)) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended December 31, 2024 ("4Q24"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through December 31, 2024. Summary THE BANK'S NET INCOME totaled Ps.102.2 billion in 4Q24. This result was 4% or Ps.3.5 billion higher than the result post
BUENOS AIRES, Argentina, Nov. 27, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA)) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2024 ("3Q24"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2024. Summary THE BANK'S NET INCOME totaled Ps.91.3 billion in 3Q24. This result was 293% or Ps.68.1 billion higher than in 3Q23. In 3Q
BUENOS AIRES, Argentina, Aug. 22, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2024 ("2Q24"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through June 30, 2024. Summary THE BANK'S NET INCOME totaled Ps.93.1 billion in the six months ended June 30, 2024. This result was 55% or Ps.115.9 billion lowe
BUENOS AIRES, Argentina, May 22, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2024 ("1Q24"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2023 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2024 Summary As of December 2023, Banco Macro consolidated includes Banco Macro + subsidiaries + Banco BMA (formerly Banco Itaú Argentina) THE BANK'S
BUENOS AIRES, Argentina, April 29, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE: "BMA"; ByMA: "BMA") ("Banco Macro") announces today the filing of its annual report on Form 20-F and its annual audited financial statements for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2023 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov in the Section "Search for Company Filings" under CIK code No. 0001347426 or Banco Macro's Investor Relations website at www.macro.com.ar/relaciones-inversores under the Financial Information/Financial Information & Reports /Sec Filing link. In addition,
BUENOS AIRES, Argentina, Feb. 28, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2023 ("4Q23"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2022 and 2023 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through December 31, 2023. THE BANK'S NET INCOME totaled Ps.460 billion in 4Q23. This result was 3894% higher than the Ps.11.5 billion posted in 3Q23 and 78
BUENOS AIRES, Argentina, March 31, 2025 /PRNewswire/ -- Banco Macro S.A.(NYSE:BMA, BYMA: BMA)) ("Banco Macro" or "BMA" or the "Bank") one of the leading Banks in Argentina announced today that the Board of Directors appointed Mr. Juan Parma as its new CEO. This decision is a strategic step forward in the consolidation of Banco Macro's growth plan and reflects the Bank's commitment towards economic development in the country. "The appointment of Mr. Juan Parma as new CEO is a great opportunity to continue strengthening our Bank and think ahead with more growth and innovation,"
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Itau BBA initiated coverage of Banco Macro with a rating of Market Perform and set a new price target of $85.00
Morgan Stanley upgraded Banco Macro from Underweight to Overweight and set a new price target of $12.50
JP Morgan upgraded Banco Macro from Underweight to Neutral and set a new price target of $78.00 from $14.00 previously
BofA Securities upgraded Banco Macro from Underperform to Neutral and set a new price target of $62.00 from $53.00 previously
JP Morgan downgraded Banco Macro from Neutral to Underweight and set a new price target of $12.00 from $15.00 previously
BUENOS AIRES, Argentina, May 28, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA)) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2025 ("1Q25"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2025. Summary THE BANK'S NET INCOME totaled Ps.45.7 billion in 1Q25. This result was 59% or Ps.65.3 billion lower than the result posted in 4Q24. In 1Q2
BUENOS AIRES, Argentina, Nov. 27, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA)) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2024 ("3Q24"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2024. Summary THE BANK'S NET INCOME totaled Ps.91.3 billion in 3Q24. This result was 293% or Ps.68.1 billion higher than in 3Q23. In 3Q
BUENOS AIRES, Argentina, Aug. 22, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2024 ("2Q24"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through June 30, 2024. Summary THE BANK'S NET INCOME totaled Ps.93.1 billion in the six months ended June 30, 2024. This result was 55% or Ps.115.9 billion lowe
BUENOS AIRES, Argentina, Nov. 22, 2023 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2023 ("3Q23"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2022 and 2023 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2023. Summary The Bank's net income totaled Ps.7.5 billion in 3Q23. This result was 87% lower than the Ps.59.5 billion posted in 2Q23
BUENOS AIRES, Argentina, May 17, 2023 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2023 ("1Q23"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2022 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2023.
BUENOS AIRES, Argentina, Feb. 23, 2023 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2022 ("4Q23"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2021 and 2022 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through D
BUENOS AIRES, Nov. 23, 2022 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2022 ("3Q22"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2022 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2022. S
BUENOS AIRES, Argentina, May 23, 2022 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") informs the Shareholders that, pursuant to the resolutions adopted at the General and Special Shareholders' Meeting held on April 30th 2022, the authorization granted by the Superintendencia de Entidades Financieras y Cambiarias of Banco Central de la República Argentina (Central Bank of the Republic of Argentina) and communicated last May 12th, and pursuant to the resolutions adopted by the Board of Directors at its meeting held on May 23rd 2022, as from June 7th 2022, Banco Macro S.A. (the "Bank") shall made available and pay to the shareholders entered in t
BUENOS AIRES, Argentina, May 23, 2022 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2022 ("1Q22"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2021 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2022.
BUENOS AIRES, Argentina, Feb. 23, 2022 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA, BYMA: BMA))) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2021 ("4Q21"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2020 and 2021 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through D