Banco Macro Faces Class Action Over Credit Card Interest Practices

An update from Banco Macro SA ( (BMA) ) is now available.

On April 8, 2025, Banco Macro S.A. announced it has been notified of a class action lawsuit filed against it, alleging unconstitutional practices in calculating default interest on credit cards. The lawsuit, filed in Mar del Plata, demands reimbursement for excessive charges. Banco Macro believes the likelihood of an unfavorable outcome is low and anticipates no material impact on its assets.

Spark’s Take on BMA Stock

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

Banco Macro’s overall stock score is driven by strong financial performance, particularly in terms of income growth and a solid balance sheet. The technical indicators show positive momentum, and the valuation is compelling with a low P/E ratio and high dividend yield. Earnings call insights further support a positive outlook, despite some operational challenges. These factors collectively position Banco Macro as an attractive investment in the banking sector.

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

More about Banco Macro SA

Banco Macro S.A. is a financial institution based in Buenos Aires, Argentina, primarily engaged in providing banking services, including credit card issuance and management, to consumers in the region.

YTD Price Performance: -40.57%

Average Trading Volume: 343,874

Technical Sentiment Signal: Sell

Current Market Cap: $5.35B

For an in-depth examination of BMA stock, go to TipRanks’ Stock Analysis page.