Banco Macro SA ( (BMA) ) has provided an update.
On April 9, 2025, Banco Macro S.A. announced the cancellation of its CEDEARs program for TELECOMUNICACOES BRASILEIRAS S.A. (TELBRÁS), originally authorized in 1998. The cancellation is set to take effect on May 12, 2025, with the liquidation of positions occurring 48 business hours after this date. This move will lead to the delisting of the CEDEAR program from the Argentine market, impacting investors holding these securities.
Spark’s Take on BMA Stock
According to Spark, TipRanks’ AI Analyst, BMA is a Outperform.
Banco Macro’s overall stock score is driven by strong financial performance, particularly in terms of income growth and a solid balance sheet. The technical indicators show positive momentum, and the valuation is compelling with a low P/E ratio and high dividend yield. Earnings call insights further support a positive outlook, despite some operational challenges. These factors collectively position Banco Macro as an attractive investment in the banking sector.
To see Spark’s full report on BMA stock, click here.
More about Banco Macro SA
Banco Macro S.A. is a prominent financial institution based in Buenos Aires, Argentina, offering a range of banking products and services. The company focuses on providing comprehensive financial solutions to its clients, including deposit accounts, loans, and investment products, with a significant presence in the Argentine market.
YTD Price Performance: -40.15%
Average Trading Volume: 346,753
Technical Sentiment Signal: Sell
Current Market Cap: $5.21B
See more data about BMA stock on TipRanks’ Stock Analysis page.