Argentine Central Bank reference rate changes and monetary policy shifts (directly impacts net interest margins)
Peso devaluation expectations and FX volatility (affects dollar-denominated ADR valuation and balance sheet translation)
Sovereign credit events and government bond restructuring risk (bank holds material ARS-denominated sovereign debt)
Inflation trajectory and real interest rate dynamics (determines loan demand and deposit beta)
high - Loan demand and credit quality are directly tied to Argentine GDP growth, agricultural commodity prices (soybeans, wheat, corn exports), and provincial economic activity. Consumer lending volumes correlate with real wage growth and employment trends. Economic contractions rapidly increase NPLs given limited borrower financial buffers.
Argentine Central Bank reference rate is primary driver of NIM. Rising rates typically expand margins as loan repricing occurs faster than deposit costs (positive asset sensitivity), but extreme rate hikes can compress demand and increase credit losses. US Federal Funds rate affects ADR valuation through emerging market risk premium and dollar funding costs.
Argentine sovereign default or debt restructuring risk creating mark-to-market losses on government securities portfolio and potential deposit flight
Chronic hyperinflation (40%+ annually) eroding real capital base and requiring continuous equity raises to maintain regulatory ratios
Political instability and policy unpredictability affecting banking regulations, capital controls, and foreign exchange access
value/opportunistic - Attracts emerging market specialists and distressed/event-driven investors willing to accept Argentine country risk for potential asymmetric returns during stabilization periods. Low 1.4x P/S and 1.7x P/B suggest deep value positioning. Not suitable for risk-averse or ESG-focused mandates given sovereign exposure.
Trend
-12.6% vs SMA 50 · +10.7% vs SMA 200
Momentum
Accumulation pattern present — more buying days than selling over the past 20 sessions. Volume conditions support gradual price improvement.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
ANALYST ESTIMATES
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2025 | $4.3T $3.1T–$5.2T | — | $5354.31 | — | ±22% | High6 |
FY2026(current) | $5.4T $3.9T–$6.5T | ▲ +26.4% | $8711.11 | ▲ +62.7% | ±1% | High6 |
FY2027 | $6.5T $4.7T–$7.8T | ▲ +19.7% | $15210.54 | ▲ +74.6% | ±20% | High6 |
Dividend per payment — last 8 periods
INSTITUTIONAL OWNERSHIP
BMA News
About
Banco Macro is the second largest domestically-owned private bank in Argentina, and the sixth-largest by deposits and lending.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
BMA◀ | $70.80 | -1.37% | $4.5B | 24.6 | -1004.3% | 580.0% | 1500 |
| $404.35 | -3.20% | $2.1T | 30.5 | +3296.8% | 4510.0% | 1500 | |
| $132.58 | -6.05% | $307.9B | 20.7 | -44.8% | 1012.0% | 1500 | |
| $88.38 | -2.58% | $303.7B | 13.6 | +318.8% | 1510.7% | 1500 | |
| $148.08 | -1.13% | $282.6B | 21.0 | +597.3% | 2564.4% | 1500 | |
| $181.58 | -1.83% | $281.6B | 26.9 | +862.9% | 1745.9% | 1500 | |
| $183.40 | -0.23% | $256.1B | 16.8 | +213.3% | 1482.4% | 1500 | |
| Sector avg | — | -2.34% | — | 22.0 | +605.7% | 1915.0% | 1500 |