5 Best Performing Bank Stocks in 2023

4. Banco Macro SA Class B (BCBA:BMA)

Year To date Gain: 60%

Banco Macro SA Class B (BCBA:BMA) is headquartered in Buenos Aires, Argentina, and offers banking products and services to retail and corporate customers. The bank is mostly focused on low to middle-income customers and small and mid-sized companies. While the bank delivered lackluster Q1 results, with net income dropping 52% as operating income increased 28% year over year.

While trading with a price-to-earnings multiple of 14, Banco Macro SA Class B (BCBA:BMA) is up by about 60% year to date and offers an enticing dividend yield of 3.50%.