Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets downgraded to Hold by JPMorgan Chase & Co. with a price target of $50.00

Analyst Ratings For Banco Macro SA (ADR) ADR Class B (NYSE:BMA)

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Today, Banco Macro SA (ADR) ADR Class B (NYSE:BMA) stock was downgraded by JPMorgan Chase & Co. from Overweight to Hold with a price target of $50.00.

There are 3 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Banco Macro SA (ADR) ADR Class B (NYSE:BMA) is Hold with a consensus target price of $81.85 per share, a potential 70.34% upside.

Some recent analyst ratings include

  • 8/23/2018-Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets downgraded to Hold by JPMorgan Chase & Co. with a price target of $50.00
  • 8/7/2018-Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets downgraded to Underperform by Santander
  • 3/12/2018-Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets upgraded to Buy by UBS Group
  • 3/12/2018-Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets upgraded to Buy by Citigroup
  • 2/26/2018-Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets upgraded to Buy by HSBC
  • 9/11/2017-Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets downgraded to Neutral by Goldman Sachs Group with a price target of $113.70
  • 6/13/2017-Banco Macro SA (ADR) ADR Class B (NYSE:BMA) gets upgraded to Outperform by Credit Suisse Group


  • On 6/30/2015 Karl Eric Kottmeier, Director, bought 150,000 with an average share price of $0.05 per share and the total transaction amounting to $7,500.00.

About Banco Macro SA (ADR) ADR Class B (NYSE:BMA)
Banco Macro S.A. provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services that include deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services. Further, the company provides trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; transaction services, such as collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; and information services, such as Datanet and Interpymes services to corporate customers. As of December 31, 2017, it operated through a network of 445 branches, 1,443 ATMs, 912 self-service terminals, and service points. Banco Macro S.A. also offers Internet banking services. The company was incorporated in 1988 and is headquartered in Buenos Aires, Argentina.

Recent Trading Activity for Banco Macro SA (ADR) ADR Class B (NYSE:BMA)
Shares of Banco Macro SA (ADR) ADR Class B closed the previous trading session at 48.05 up +2.05 4.46% with 322500 shares trading hands.

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