Banco Macro: Upside Remans From Its Gradual Shift Into A 'Normal' Banking Operation

Banco Macro S.A. is rapidly transitioning to a traditional loan-and-deposit banking model, driving robust 40% loan growth in 2025. BMA's profitability is currently subdued (5.1% ROE) due to legacy bond exposure, but ROE is projected to reach 15–19% by 2027 as lending income rises. Strong capital ratios (>30%) and resumed monthly dividends (6.4% yield) position BMA stock attractively for income investors, with a sustainable payout outlook.