New York Stock Exchange · Financial Services
Invest in Banco Macro stock from India
Indian and foreign residents can buy Banco Macro (BMA) shares directly through Paasa.
By Paasa · Updated
Banco Macro at a glance
- Price
- $66.93+$0.88 (1.33%)
- Market cap
- $4.28B
- Day range
- $65.42 – $67.95
- P/E
- 16.28
- Dividend yield
- 6.02%
- Volume
- 426.25K
- 1 month
- -14.93%
- 6 months
- -13.49%
- YTD
- -25.77%
- 1 year
- +58.26%
- 5 years
- +286.43%
Banco Macro statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | ARS 5.8T | ARS 6.5T | ARS 9.7T | ARS 5.4T | ARS 1.7T |
| Gross profit | ARS 2.9T | ARS 4.4T | ARS 6.0T | ARS 3.2T | ARS 1.1T |
| Operating income | ARS 595.6B | ARS 360.0B | ARS 1.9T | ARS 401.1B | ARS 145.9B |
| Net income | ARS 337.3B | ARS 325.5B | ARS 1.3T | ARS 276.5B | ARS 138.7B |
| Earnings per share | ARS 5,281.60 | ARS 5,090.60 | ARS 22,388.80 | ARS 846.10 | ARS 457.80 |
| EBITDA | ARS 688.9B | ARS 498.2B | ARS 2.0T | ARS 448.6B | ARS 189.2B |
| Total assets | ARS 23.2T | ARS 14.5T | ARS 14.6T | ARS 6.5T | ARS 1.9T |
| Total debt | ARS 1.5T | ARS 465.4B | ARS 914.8B | ARS 239.2B | ARS 90.4B |
| Cash and short-term investments | ARS 3.6T | ARS 3.2T | ARS 3.3T | ARS 1.2T | ARS 335.7B |
| Shareholders' equity | ARS 5.2T | ARS 4.0T | ARS 4.4T | ARS 1.6T | ARS 466.7B |
| Operating cash flow | ARS 1.7B | ARS 918.6B | −ARS 85.2B | ARS 1.6T | ARS 271.8B |
| Free cash flow | ARS 1.6B | ARS 794.1B | −ARS 142.3B | ARS 1.5T | ARS 230.0B |
| Capital expenditure | −ARS 138.1M | −ARS 124.5B | −ARS 57.1B | −ARS 75.8B | −ARS 41.8B |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in ARS; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Columbia Banking System | COLB | $28.69 | $8.11B |
| Prosperity Bancshares | PB | $66.91 | $8.04B |
| Valley National Bancorp | VLY | $12.72 | $7.05B |
| Synovus Financial | SNV | $50.05 | $6.95B |
| United Bankshares | UBSI | $46.15 | $6.36B |
| F.N.B. | FNB | $17.32 | $6.17B |
| Grupo Aval Acciones y Valores | AVAL | $4.87 | $5.78B |
| Home Bancshares | HOMB | $28.41 | $5.72B |
Peers as grouped by the data provider. This is not an investment recommendation.
Analyst price targets
- Low
- $85.00
- High
- $91.00
- Median
- $88.00
- Consensus
- $88.00
Ratings: 6 buy · 6 hold · 2 sell. Consensus: Buy.
Published sell-side 12-month targets in USD, aggregated by the data provider. They are not Paasa's view and not a forecast.
How to invest in Banco Macro from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search BMA and buy
Find Banco Macro by name or by its ticker, BMA, and place your order. Fractional shares are available and there is no minimum trade size, so you can buy by amount instead of whole shares.
Why invest in Banco Macro from India
What Banco Macro does
Banco Macro S.A. operates as a leading financial services institution in Argentina, providing a broad spectrum of banking products and solutions to both individual consumers and corporate entities nationwide. For its retail customers, the bank offers essential services such as current and savings accounts, along with term deposit options. Banco Macro operates in the Banks - Regional industry within the Financial Services sector.
Hold a dollar asset
Banco Macro shares are priced in US dollars, so a weaker rupee adds to what they're worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a share
Buy by amount, not by share, and get the matching fraction of one Banco Macro share. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Banco Macro stock from India?
Yes. Indian residents and NRIs can buy Banco Macro (BMA) shares directly through Paasa. Banco Macro is listed on the New York Stock Exchange, in the Banks - Regional industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Banco Macro share?
No. You can buy part of one Banco Macro share and add to your position over time. One share is $66.93, and you can buy whole shares or any fraction; there is no minimum trade size.
How are Banco Macro dividends taxed for Indian investors?
Banco Macro trades on the New York Stock Exchange but is domiciled in Argentina, so any withholding on its dividends follows that country's rules rather than those of the US. What trades there is a depositary receipt over Banco Macro shares rather than the ordinary share itself. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Banco Macro shares?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.