Banco Macro is Argentina's largest private-sector bank by deposits and loans, offering retail and corporate banking, consumer lending, and agribusiness credit through a branch and digital network across the country. Its advantage is scale in a market where few private lenders can match its deposit base, and the bank is positioned to benefit as Argentina's credit cycle normalises after a period of high inflation and tight lending. The near-term catalyst is loan book growth from a low base, with the forward P/E of 6.7 against a trailing 15.0 implying that earnings are expected to recover sharply. The current picture is mixed: revenue growth is only 1.2% and ROE sits at 7.1%, so the valuation rests on a rebound that has not yet appeared in reported numbers. Argentina's macro and currency risk is large relative to the company's own execution, and a score of 56/100 suggests the name merits a deeper look on the earnings recovery thesis before any position is considered.
Plain-English pros, cons, and what to watch. Pro feature.
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The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 20 Oct 2026, 02:20 CEST | ACCE price target | ARS 11500 | first publication | ARS 10270 |
Answered from Banco Macro SA B fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| BMA.BA Banco Macro SA B | ARS 10870.00 | - | - | 15.4x | 7.1% | 79 | 57 |
| BOGOTA.CL Banco de Bogota | COP 38320.00 | - | - | 9.0x | 9.2% | 61 | 49 |
| PFDAVVNDA.CL Davivienda Group preferred | COP 29500.00 | - | - | 8.2x | 10.3% | 53 | 82 |
| ITAUCL.SN Banco Itau Chile | CLP 22800.00 | - | - | 12.3x | 9.4% | 81 | 71 |
| PFAVAL.CL Grupo Aval preferred | COP 761.00 | - | - | 10.8x | 10.0% | 58 | 71 |
| GGAL.BA Grupo Financiero Galicia S.A. | ARS 5900.00 | - | - | 47.2x | 1.1% | 59 | 42 |
| BBAR.BA BBVA Banco Frances SA | ARS 6830.00 | - | - | 11.0x | 8.1% | 71 | 68 |
Where BMA.BA ranks against its sector peers on each metric.