1. Banco Macro ( BMA) is an Argentina-based financial services company with operations in personal banking and corporate banking. During the first quarter of 2011, Macro's net income stood at $59.5 million, up 5% year-over-year but 6% lower than the fourth quarter of 2010. Return on average assets and on shareholders' equity was healthy at 3.2% and 24.1%, respectively. The bank's private sector credit grew 8% sequentially with consumer loans and the credit card segment faring well. Deposits were higher at 8% quarter-over-quarter in the March 2011 quarter. Gross non-performing loan ratio improved during the quarter with a coverage ratio of 157.7%. The bank has a capitalization ratio of 24%, as of March 2011. Analysts expect the stock to deliver 90% over the next one year. >>To see these stocks in action, visit the 7 Frontier Stocks With Upside portfolio on Stockpickr.