Grupo Financiero Galicia SA Sponsored ADR Class B Stock News
$62.82
2.30%
today
Nasdaq,
Dec 30, 10:00 pm CET
Grupo Financiero Galicia SA Sponsored ADR Class B Stock News
Positive
Seeking Alpha
●
9 days ago
GGAL's share price surged nearly 250% YTD, driven by increased investor confidence and strong loan demand in Argentina under Milei's administration. GGAL's robust capital position, with a Tier-1 CAR of 26%, allows flexibility for funding growth. The acquisition of HSBC's Argentinian business at favorable terms enhances GGAL's scale and positions it to benefit from resurging credit demand.
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