Macro Bank (BMA) Soars 1.85% on JPMorgan Target Hike

Macro Bank (BMA) shares surged 1.85% today, marking the second consecutive day of gains, with a total increase of 6.77% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 5.39%.

JPMorgan Chase & Co. recently raised its price target for Macro Bank from $78.00 to $89.00, while maintaining a "neutral" rating. This adjustment in the price target could influence investor sentiment and potentially impact the stock price. The bank's revenue for 2024 saw a significant decline, dropping from USD351.414 billion in 2023 to USD173.572 billion, a year-over-year decrease of 50.59%. This substantial revenue drop could negatively affect investor confidence and the stock's performance.