Why Grupo Financiero Galicia, Loma Negra Compania Industrial, and Banco Macro SA Went Off to the Races on Thursday [The Motley Fool]
Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL)
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Source: The Motley Fool
The news out of Argentina is miserable. Can it only get better from here? Rich Smith ( TMFDitty ) Sep 20, 2018 at 4:25PM What happened Argentina has 99 problems, and the exchange rate of the peso is just one of 'em. It's not bad enough that the Argentine peso has lost more than half its value against the dollar over the past year. Today we learned from The Wall Street Journal that Argentina's entire GDP declined 4.2% in the second quarter versus last year's Q2 after a drought slashed agricultural production. This is hardly the kind of news you'd expect to spark a rally in the stocks of Grupo Financiero Galicia ( NASDAQ:GGAL ) , Banco Macro SA ( NYSE:BMA ) , or Loma Negra Compania Industrial ( NYSE:LOMA ) -- yet rally they did. As of 3:30 p.m. EDT on Thursday, Grupo Financiero Galicia shares were up 12.5%, Banco Macro did a b
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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