$BMA

Argentina’s S&P Merval rose 0.46% to 3,199,934.50, near its record high. The peso was little changed at 1,475.51 per USD. YPF gained 0.52% with ARS 17.7bn turnover, while Banco Macro fell 4.42% and Grupo Galicia dropped 1.86%. Country risk hit its lowest in eight years, supporting the rally.

Argentina’s S&P MERVAL rose 2.43% on July 10, closing near 3.28 million pesos despite a bridge holiday that left BYMA trading without settlement until July 13. ADRs in New York led, with Grupo Galicia, Banco Macro and Central Puerto up 5.8% to 9%, while YPF and Pampa Energía fell. USD/ARS held near 1,488 as investors focused on Argentina’s 2026-2027 financing plan lowering country risk.

Argentina’s S&P Merval rose 2.43% on July 10 on thin volumes due to a tourism-related non-working holiday. JPMorgan’s country risk fell to 402 bps, the lowest since 2018, on momentum from the government’s 2026-27 financing plan. Bank ADRs led, with Grupo Galicia up 9% in New York, while YPF fell 1.8%. The peso traded near its 52-week weak extreme.

Banco Macro reported Q1 2026 net income of 139.8 billion pesos, up 28% quarter-on-quarter and 131% year-on-year, according to the earnings call transcript. Operating income before expenses fell 3% vs. Q4 2025 but rose 15% year-on-year. The bank kept 2026 loan growth guidance at 42% nominal and deposit growth at 34% nominal, assuming 28% inflation. NPL ratio was 5.4% with ~110% coverage; cost of risk guidance is 5.5%–6%.

Banco Macro (BMA) announced it will distribute a second cash dividend installment of ARS 49.03 billion, equivalent to ARS 76.6882980676 per share, starting June 3, 2026. This dividend, approved by shareholders and authorized by Argentina's central bank, will be subject to a 7% withholding tax. Despite a "Hold" sentiment from TipRanks' AI Analyst Spark, the bank's stock currently has a "Buy" rating and an $85.00 price target from the most recent analyst, reflecting its strong capital position and return to shareholders.

This article provides key metrics and an overview of the Banco Macro S.A. 6.75% bond (USP1047VAF42) maturing on November 4, 2026. It details the issuer, issue and maturity dates, outstanding amount, face value, minimum denomination, and coupon rate. The bond analysis is presented through TradingView, offering insights into the financial instrument and the issuing company.

Banco Macro shareholders approved the 2025 financial statements, board performance, and a significant AR$147 billion dividend plan. They also allocated AR$290.44 billion to reserves and refreshed director and oversight bodies for 2026. Spark, TipRanks’ AI Analyst, rates BMA as Neutral, highlighting strong revenue growth and a solid balance sheet, but tempered by modest profitability and concerns from the recent earnings call.

Macro Bank Inc. (BMA) has filed a Form 6-K detailing proposals for its upcoming shareholders' meeting on April 8, 2026, including a massive dividend plan and allocation of retained earnings. The bank proposes allocating AR$ 290.4 billion of retained earnings from December 31, 2025, with a significant portion going to legal and optional reserves. A proposed dividend of AR$ 300 billion, equivalent to AR$ 469.1969827049 per share, is contingent on authorization from the Argentine Central Bank.

Banco Macro S.A. successfully completed a US$400 million notes offering and a tender offer. Linklaters advised Banco Macro in this transaction, while Simpson Thacher & Bartlett represented the joint bookrunners, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Latin Securities S.A. Agente de Valores. Full access to the details of the transaction is available to Standard 1 Year members of Global Legal Chronicle.

The financial landscape was ablaze with activity this week as momentum scores of three financial services stocks soared. Among them, Grupo Financiero Galicia Inc. ( NASDAQ:GGAL ) took the spotlight with a standout week-over-week increase, catapulting 267% from 15.50 to a staggering 56.89.