BMA Stock Recent News

BofA upgraded Banco Macro to Buy from Neutral with a price target of $107, up from $91. The "impressive" recovery of the Argentine economy and a potential IMF agreement "should bring credibility to gradually remove capital controls and avoid an important depreciation of the currency," says the analyst, who adds that Argentina is "one of the few countries in Latin America under a right-and-market friendly government likely to attract important investments into the country."

Banco Macro S.A. (NYSE:BMA ) Q3 2024 Earnings Conference Call December 2, 2024 11:00 AM ET Company Participants Nicolás Torres - IR Jorge Scarinci - CFO Conference Call Participants Brian Flores - Citibank Ernesto Gabilondo - Bank of America Nicolas Riva - Bank of America Yuri Fernandes - JPMorgan Operator Good morning, ladies and gentlemen, and thank you for waiting.

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").

Banco Macro is well-positioned to benefit from Argentina's improving economic conditions and reforms under Javier Milei, showing significant upside potential for long-term investors. The bank's recent performance has been strong, with shares up 46%, supported by a favorable macroeconomic environment and expected loan growth. Despite recent earnings volatility due to mark-to-market adjustments, Banco Macro's capital position remains robust, enabling sustainable high dividend yields.

Banco Macro S.A. (NYSE:BMA ) Q2 2024 Earnings Conference Call August 23, 2024 12:00 PM ET Company Participants Nicolás Torres - Investor Relations Jorge Scarinci - Chief Financial Officer Conference Call Participants Ernesto Gabilondo - Bank of America Brian Flores - Citibank Marina Mertens - Latin Securities Yuri Fernandes - JPMorgan Carlos Gomez - HSBC Operator Good morning, ladies and gentlemen, and thank you for waiting.

Investors may keep a tab on stocks like BMA, NOG, FOXA, SHIP and MKTX, which have lately hiked their dividend payments.

Here is how Banco Macro (BMA) and Bancolombia (CIB) have performed compared to their sector so far this year.

Considering their generous dividends now appears to be an ideal time to buy these highly ranked finance stocks as they are benefiting from strong business industries.

Banco Macro (BMA) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BMA crossed above the 20-day moving average, suggesting a short-term bullish trend.

Outside of Nvidia (NVDA), two companies that impressively exceeded their quarterly earnings expectations this week and continued the incredible rally in their stocks are Deckers Outdoor (DECK) and Macro Bank (BMA).