Grupo Financiero Galicia SA Sponsored ADR Class B Stock News

The stars are aligning for Argentine banks. Galicia stands out as a key beneficiary. The buyout of HSBC Argentina adds legs to Galicia's post-election rally.

Argentina elected a new president just over a week ago. President-elect Javier Milei has promised to dollarize his nation's economy, tame inflation -- and close down Argentina's central bank.

Shares of U.S.-traded companies based in Argentina are rising today following the country's recent election news. Yesterday, the South American nation surprised the world when it elected far-right libertarian economist Javier Milei as its next president.

Since 2001, Argentina has defaulted on its international sovereign debt three times.

Digital banking is simultaneously a challenge and an opportunity for traditional banks. Brazil is the leader in digital banking in LATAM, but Argentina is advancing quickly. Grupo Financiero Galicia is the second-largest bank in Argentina. The company offers a wide range of services. Among them is Naranja X, the third most popular digital banking app in Argentina. Grupo Financiero Galicia's bal...