BofA Analyst Bullish on Banco Macro (BMA)

Banco Macro S.A. (NYSE:BMA) is one of the best high growth stocks to consider. On November 27, BofA analyst Ernesto Gabilondo reiterated a Buy recommendation on Banco Marco with a target price of $117.

BofA Analyst Bullish on Banco Macro (BMA)

Photo by Mirza Babic on Unsplash

Independent of the analyst action, the bank’s net income in the initial 9 months of 2025 (9M25) stood at Ps.176.7 billion (Argentine Pesos), which dropped 35% (Ps.95.2 billion) compared to the same period in 2024. The operating income, excluding general, administrative, and personnel expenses, came in at Ps.1.03 trillion in 9M25, a decrease of Ps.1.84 trillion from last year. Banco Marco’s over deposits rose 5% on a quarter-over-quarter basis and 11% on a year-over-year basis in the third quarter of 2025, reflecting about 75% of the total liabilities.

Banco Macro S.A. (NYSE:BMA) is a bank in Argentina that offers bank accounts, credit and debit cards, loans, mortgages, car financing, insurance, bill payments, and money transfers.

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