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Banco Macro Faces Class Action Lawsuit Over Improper Tax Application

Story Highlights
  • Banco Macro S.A. is facing a class action lawsuit for allegedly misapplying taxes on foreign currency credit card purchases.
  • The lawsuit seeks to stop these practices, demand repayment, and require better customer information on tax applications.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Banco Macro Faces Class Action Lawsuit Over Improper Tax Application

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Banco Macro SA ( (BMA) ) has issued an update.

On November 28, 2025, Banco Macro S.A. was notified of a class action lawsuit filed against it by ‘Usuarios y Consumidores Unidos.’ The lawsuit alleges that Banco Macro has been improperly applying the Tax for an Inclusive and Solidary Argentina (Impuesto PAIS) and withholding amounts for Income Tax and Personal Assets Tax on foreign currency purchases made with credit cards, even when these transactions do not involve a foreign exchange event. The plaintiffs are seeking a court order to stop these practices, demand repayment with interest, and require the bank to clearly inform customers about the tax applications, along with imposing a civil fine.

The most recent analyst rating on (BMA) stock is a Buy with a $117.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Spark’s Take on BMA Stock

According to Spark, TipRanks’ AI Analyst, BMA is a Outperform.

Banco Macro SA’s overall stock score reflects strong financial performance and positive technical indicators. The company’s robust revenue growth and solid balance sheet are significant strengths. However, modest profitability margins and challenges in asset quality, as highlighted in the earnings call, temper the overall score.

To see Spark’s full report on BMA stock, click here.

More about Banco Macro SA

Banco Macro S.A. operates in the financial services industry, primarily offering banking services. It is based in Buenos Aires, Argentina, and focuses on providing a range of financial products to its customers.

Average Trading Volume: 805,220

Technical Sentiment Signal: Strong Buy

Current Market Cap: $5.7B

Find detailed analytics on BMA stock on TipRanks’ Stock Analysis page.

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