The buyback signals management's view that the stock is undervalued, but the program is limited in size (10% of capital) and duration (45 days). Monitor execution pace and any extension; the AR$10,700 cap may limit purchases if the stock rallies above that level.
Price Chart
Executive Summary
Banco Macro (BMA) announced a share repurchase program of up to AR$160 billion (up to 20 million Class B shares at a maximum price of AR$10,700 per share) over 45 days, citing a recent decline in the stock price that the board believes undervalues the bank's assets. The program is capped at 10% of capital stock and is intended to protect shareholder value and reduce price volatility.
Key Facts
- Maximum investment: up to AR$160,000,000,000 (Argentine pesos).
- Maximum shares: up to 20,000,000 Class B common shares (1 vote each).
- Maximum price: up to AR$10,700 per share.
- Term: 45 calendar days from publication in the Buenos Aires Stock Exchange bulletin.
- Repurchase is within the 10% capital stock limit per applicable regulations.
- Daily purchases limited to 25% of average daily trading volume over prior 90 business days, considering consolidated local and international volumes.
Financial Impact
Up to AR$160 billion (Argentine pesos) in share repurchases, representing up to 20 million shares (10% of capital stock) at a maximum price of AR$10,700 per share.
Risk Factors
- The repurchase is discretionary and may not be fully executed if market conditions change or if daily volume constraints limit accumulation.
- The stated purpose (protecting shareholder value) is subjective; the buyback does not address underlying business fundamentals or earnings trends.
- Argentine peso-denominated amounts introduce currency risk for ADR holders; the U.S. dollar equivalent of AR$160 billion is not disclosed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-119660 |
| Document: 0001104659-26-119660-index-headers.html | 0001104659-26-119660 |
| Document: 0001104659-26-119660-index.html | 0001104659-26-119660 |
| Document: 0001104659-26-119660.txt | 0001104659-26-119660 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 4d ago | 6-K | $61.27 | awaiting T+20 | awaiting T+20 | $60.15 (−1.83%) |
Sep 16, 2026 6w ago | Insider Buy | $76.77 $65.03 | ▼ −15.29% | ▼ −16.50% | $60.15 (−21.65%) |
Aug 19, 2026 10w ago | 6-K | $72.87 $76.77 | ▲ +5.35% | ▲ +5.35% | $60.15 (−17.46%) |
Jun 17, 2026 19w ago | 6-K | $101.68 $90.86 | ▼ −10.64% | ▼ −11.17% | $60.15 (−40.84%) |
May 27, 2026 22w ago | 6-K | $87.27 $91.44 | ▲ +4.77% | ▲ +7.92% | $60.15 (−31.08%) |
May 20, 2026 23w ago | 6-K | $72.11 $101.68 | ▲ +41.01% | ▲ +40.27% | $60.15 (−16.59%) |
Apr 20, 2026 27w ago | 20-F | $82.86 $72.58 | ▼ −12.41% | ▼ −16.61% | $60.15 (−27.41%) |
Apr 8, 2026 29w ago | 6-K | $80.41 $69.62 | ▼ −13.42% | ▼ −21.96% | $60.15 (−25.19%) |
Apr 8, 2026 29w ago | 6-K | $80.41 $69.62 | ▼ −13.42% | ▼ −21.96% | $60.15 (−25.19%) |
US Market Status
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