Banco Macro (ADR) (BMA)
Provides banking services to households and smaller businesses across Argentina.
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Offers banking services to lower- and middle-income individuals and smaller businesses in Argentina. Its acquisition-led expansion produced a nationwide retail network, and its NYSE-listed ADS represents Class B shares.
Provides deposit, lending and other banking services to lower- and middle-income individuals and small and mid-sized businesses through a universal-bank model. The business moved from wholesale banking into retail banking and built its branch network through acquisitions and subsequent mergers of Argentine banks.
Operates a nationwide Argentine branch network, making the country both its operating market and a geographic concentration. Its New York-traded ADS represents ten Class B shares. The recent integration of Banco Itaú Argentina added banking, asset-management and securities operations, while the business remains shaped by Argentine banking operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | Banco Santander | Target | Target: $79 | Target: $91 |
| Sep 3, 2026 | Itau BBA | Downgrade | ||
| May 5, 2026 | HSBC | Upgrade | ||
| May 4, 2026 | HSBC | Target | Target: $80 | Target: $85 |
| Nov 19, 2025 | UBS | Target | Target: — | Target: $130 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.20B · Total debt $1.15B · Total assets $17.15B · Shareholders' equity $4.19B
- Revenue
- $969.6M
- Operating income
- $212.4M
- Net income
- $134.8M
Reported in ARS, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | ≈ 12.29% | 7.86M ADS | |
|---|---|---|---|
| 109 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.40% | 257.0K ADS | |
| 4 holders · as of Sep 16, 2026 | |||
| Other | ≈ 87.31% | 55.83M ADS | |
| remainder | |||
63.94M ADS (1 ADS = 20 ordinary shares) as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2021 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Aquamarine Financial (Cayman) LtdInstitution | 1.32% | 842,490 B ADS | as of Jun 30, 2026 |
Pointstate Capital LPInstitution | 1.20% | 766,444 B ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.09% | 694,755 B ADS | as of Jun 30, 2026 |
Samlyn Capital, LLCInstitution | 1.05% | 671,196 B ADS | as of Jun 30, 2026 |
Turim 21 Investimentos Ltda.Institution | 0.83% | 528,547 B ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 19, 2026 | Marcos Brito | director | +1,500 | $68.27 |
- Grupo Financiero Galicia (ADR)
Large Argentine financial-services platform across retail and business banking
- Banco Santander (ADR)
Argentina private-bank overlap through Banco Santander Argentina
- BBVA Argentina (ADR)
Universal Argentine bank serving retail and commercial customers
- Grupo Supervielle (ADR)
Nationwide Argentine universal financial-services group
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banco Macro (ADR) | $75.19 | −0.03% | $4.81B | 17.1 | 9.0 | 1.5 | +20.6% |
| Grupo Financiero Galicia (ADR) | $41.72 | −0.09% | $6.71B | 46.6 | 8.6 | 0.7 | +3.0% |
| Banco Santander (ADR) | $14.52 | −0.72% | $214.60B | 12.4 | 10.5 | 2.1 | +6.2% |
| BBVA Argentina (ADR) | $14.25 | −0.35% | $2.92B | 14.7 | 6.2 | 0.7 | +23.1% |
| Grupo Supervielle (ADR) | $7.96 | −0.38% | $699.5M | — | 8.2 | — | −38.0% |
| Median | 14.7 | 8.4 | 0.7 | +4.6% |