Banco Macro is a very cheaply valued regional bank (5.3x forward earnings, 7.6% dividend) with 51.8% upside to the analyst target and a 3-of-4 beat record, but it is in a confirmed downtrend after a 42% drawdown with weak growth and no moat.
Thesis pillars
- Weak Growth No Moat→Stable
- Deep Value High Dividend→Stable
- Large Analyst Upside→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026
Banco Macro S.A. (BMA) Stock Analysis
Falling Knife setup
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $59.00, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.5); Weak growth.
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... Read more
Hold if already holding. Not a fresh buy at $59.00, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.5); Weak growth. Chart setup: Death cross, below all MAs, RSI 33, MACD bearish. Mixed signals. Hold existing position. Score 5.5/10, moderate confidence.
Passes 7/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 22d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
Recent developments
updated Oct 29, 2026Recent Developments — Banco Macro S.A.
Latest news
- NEWS Reported Earlier, Banco Macro Announces Share Repurchase Of Up To 20M Class B Shares, Up To Ps$10,700.00 Per Share, Over — benzinga Oct 29, 2026 positive
- NEWS UBS Maintains Buy on Banco Macro, Lowers Price Target to $90 — benzinga Oct 13, 2026 negative
- NEWS TradingView cuts target for Banco Macro stock to USD 114.95 - AD HOC NEWS — AD HOC NEWS Oct 8, 2026 neutral
- NEWS Banco Macro SA (BMA) Shares Fall 3.9% -- What GF Score of 91 Tel - GuruFocus — GuruFocus Oct 7, 2026 negative
- NEWS Analysts lift Banco Macro fair value: Banco Macro stock sits below ARS 13,813 - AD HOC NEWS — AD HOC NEWS Oct 7, 2026 neutral
Latest item Oct 29, 2026 · Generated 2026-11-03T11:54:05Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $59.00, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.5); Weak growth. Chart setup: Death cross, below all MAs, RSI 33, MACD bearish. Mixed signals. Hold existing position. Analyst target $90.67 (+53.7%), stop $56.27 (−4.9%), A.R:R 5.0:1. Score 5.5/10, moderate confidence.
Analyst target: $90.67 (+53.7% upside). Analyst target $90.67 (+53.7%), stop $56.27 (−4.9%), A.R:R 5.0:1. Stop-loss: $56.27.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.5); Weak growth; Negative momentum.
Banco Macro S.A. trades at a P/E of 12.1 (forward 5.2). TrendMatrix value score: 9.5/10. Verdict: Hold.
12 analysts rate BMA, with a consensus score of 4.2/5. 9 analysts publish price targets averaging $104.
What does Banco Macro S.A. do?Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It...
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, 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; and 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 cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services to corporate customers; and internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.