Why Grupo Financiero Galicia, Banco Macro SA -- and 3 Other Argentine Stocks All Popped Today [The Motley Fool]
Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL)
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Source: The Motley Fool
Five stocks, all hailing from Argentina, jumped simultaneously. Sounds like something's up. Rich Smith ( TMFDitty ) Sep 6, 2018 at 3:00PM What happened Grupo Supervielle SA ( NYSE:SUPV ) , Grupo Financiero Galicia ( NASDAQ:GGAL ) , BBVA Banco Frances S.A. ( NYSE:BFR ) , Transportadora de Gas del Sur SA ( NYSE:TGS ) , and Banco Macro SA ( NYSE:BMA ) -- that's a mouthful of words to identify just five companies from Argentina, but they're all part of a big story coming out of that country today. At one point or another, these five stocks were up 10% or more this morning. As of 1:40 p.m. EDT, these Argentinean stocks are still up -- 15% for Grupo Supervielle, 13.7% for Financiero Galicia, 9.7% for BBVA, 9.6% for Transportadora, and 8% for Banco Macro. How much Argentina's peso is worth has a big effect on how much Arge
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GGAL
News
- Grupo Financiero Galicia S.A. (NASDAQ: GGAL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- HSBC Joins Firms Exiting Argentina Amid Milei Economic Makeover [Yahoo! Finance]Yahoo! Finance
- EMERGING MARKETS-Mexico's peso slips after inflation data; Latam stocks rise [Yahoo! Finance]Yahoo! Finance
- HSBC to take $1bn hit on sale of Argentina unit [FT.com - Mergermarket]FT.com - Mergermarket
- HSBC to take $1bn hit on sale of Argentina unit [Financial Times (FT.com) (UK)]Financial Times
GGAL
Sec Filings
- 4/9/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/11/24 - Form 6-K
- GGAL's page on the SEC website