Banco Macro S.A. (NYSE:BMA) is one of the Oversold Financial Stocks to Buy According to Hedge Funds. On September 30, Carlos Gomez-Lopez from HSBC lowered the firm’s price target on Banco Macro S.A. (NYSE:BMA) from $104 to $80, while upgrading the stock from Hold to a Buy rating.
Banco Macro S.A. (NYSE:BMA) released its fiscal second-quarter results on August 27, 2025. The company topped revenue and EPS estimates by $3.93 million and $0.01, respectively. However, despite this outperformance, the share price has declined more than 24% since the announcement.
Analyst Carlos Gomez-Lopez noted that HSBC has recognized Banco Macro S.A. (NYSE:BMA) as one of the best capitalized banks in the Argentine banking system. He also noted that the bank has a history of leveraging volatile periods, such as the current one, to make favorable acquisitions. Therefore, the firm upgraded the stock with a Buy rating.
Banco Macro S.A. (NYSE:BMA) is an Argentine-based Bank that offers traditional banking services to individuals and companies.
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Disclosure: None. This article is originally published at Insider Monkey.