UBS target leaves Banco Macro stock 28.8 percent below USD 90.00

Published on 10/17/2026 at 19:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net income was ARS 206.19 billion in 2026. Banco Macro stock last stood at USD 64.04 on October 16, 2026, down 1.52 percent versus USD 65.03.

Analyst view and trading date

On October 13, 2026, UBS retained a buy rating while cutting its target from USD 130.00 to USD 90.00.
Banco Macro reported ARS 206.19 billion in net income for the second quarter of 2026.
Banco Macro stock last stood at USD 64.04 on October 16, 2026, down 1.52 percent versus USD 65.03.
Kaplio lists November 25, 2026 as the next earnings date and gives a P/E ratio of 15.90.

BMA, US05961W1053, Illustration mit AI erstellt.

Banco Macro (ISIN US05961W1053) remains 28.84 percent below UBS Group's USD 90.00 target after the firm cut it from USD 130.00 on October 13, 2026, while retaining a Buy rating, according to MarketBeat. The calculation uses Banco Macro's last NYSE quote of USD 64.04.

The bank's latest reported period showed stronger profitability. In the second quarter of 2026, Banco Macro reported revenue of ARS 1,291.53 billion and net income of ARS 206.19 billion, producing a 16.00 percent net margin versus 15.60 percent a year earlier, Simply Wall St reported on October 16, 2026. The 0.40 percentage point margin increase gives the target reduction a concrete earnings backdrop.

Trading range remains wide

Banco Macro's last NYSE quote stood at USD 64.04 on October 16, 2026 at 4:00 p.m. ET, down USD 0.99, or 1.52 percent, from USD 65.03. The stock traded within a USD 51.35 to USD 106.15 52-week range, leaving it 39.67 percent below the high and 24.71 percent above the low. Trading volume was 244,907 shares against an average of 293,223.

Valuation and next reporting date

Banco Macro carried a market capitalization of USD 4.1 billion, a P/E ratio of 15.55 and a dividend yield of 0.06 percent on October 16, 2026. Kaplio lists a P/E ratio of 15.90, a 6.20 percent dividend yield and November 25, 2026 as the next earnings date. The small difference between the P/E figures reflects the separate reporting snapshots.

Comparison with peers

BMA: minus 1.52 percent, P/E 15.55, market capitalization USD 4.1 billion
Banco BBVA Argentina (NYSE, USD): minus 1.24 percent, P/E 14.49, market capitalization USD 2.6 billion
Grupo Financiero Galicia (NYSE, USD): minus 1.23 percent, P/E 53.63, market capitalization USD 6.0 billion

Price and investor perspective

The latest market picture combines a lower UBS target with a profitable second quarter and a broad annual trading range. Banco Macro identifies itself as listed on the NYSE under BMA and on BYMA under BMA on its investor-relations page, Banco Macro states. The further course of trading depends on the next reported figures and the November 25, 2026 earnings date.