Billionaire Chris Rokos’ 10 Stock Picks with Huge Upside Potential

7. Banco Macro S.A. (NYSE:BMA)

Rokos Capital Management Stake Value: $10,890,793

Upside Potential as of May 7: 45.93%

Number of Hedge Fund Holders: 18

Banco Macro S.A. (NYSE:BMA) is one of Argentina’s largest private banks. Through its extensive network of 515 branches and 9,004 employees, the bank serves 6.12 million retail customers and over 201,233 corporate clients across 23 of Argentina’s 24 provinces.

Banco Macro S.A.’s (NYSE:BMA) Q4 2024 earnings report was impressive. Net income totaled 102.2 billion pesos ($85.44 million) in the quarter, a 4% increase from the previous quarter. For the full year, the bank achieved a remarkable 327% year-over-year profit increase, with an efficiency ratio of 27.6%. The bank’s total financing increased 18% quarter-over-quarter to 5.8 trillion pesos ($6.5 billion) and grew 45% year-over-year. Both peso and USD financing increased by 14% and 29%, respectively, throughout the fiscal year 2024.

Banco Macro S.A. (NYSE:BMA) has a healthy balance sheet and capital position. The bank reported an excess capital of 2.8 trillion pesos ($3.1 billion), a 32.4% Capital Adequacy Ratio under Basel III standards, and a 31.6% Tier 1 Ratio. Its liquid assets remained at a healthy level, reaching 79% of total deposits in Q4 2024. Additionally, the bank’s non-performing to total financing ratio was just 1.28%, with a coverage ratio of 158.8%. This is evidence of excellent asset quality and risk management practices. Analysts hold a Moderate Buy opinion on the stock, and their 1-year median price target points to a 45.93% upside from current levels, as of May 7.