Grupo Financiero Galicia: HSBC Argentina Acquisition Adds New Fuel To The Bull Case [Seeking Alpha]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Seeking Alpha
The buyout of HSBC Argentina adds legs to Galicia's post-election rally. Argentina's banking system has long been a fragmented one, with no major bank, not even the state-owned Banco Nacion, holding a dominant share of system assets. But ongoing economic turbulence and the rise of a new economic regime under President Javier Milei mark a potential step-change in future industry dynamics. Last week's exit by HSBC Holdings plc ( HSBC ) from Argentina, coming on the heels of a similar move by Itaú Unibanco ( ITUB ) last year, only reinforced the case for more consolidation among the major domestic banks. The beneficiary this time around, not just strategically but also financially (transaction price at a deep discount to book), is Grupo Financiero Galicia ( NASDAQ: GGAL ), the holding company for banking arm Banco Galicia and insurance arm Galicia Seguros. From here, GGAL's excess capital position will only grow now that the country is moving toward a looser regulatory regime, leavi
Show less
Read more
Impact Snapshot
Event Time:
HSBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HSBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HSBC alerts
High impacting HSBC Holdings, plc. news events
Weekly update
A roundup of the hottest topics
HSBC
News
- UPDATE 1-Abu Dhabi sovereign fund ADQ plans debut US-dollar bond issue [Yahoo! Finance]Yahoo! Finance
- Norway sovereign wealth fund backs HSBC bonus policy reform [Reuters]Reuters
- Grab's COO thinks there's ‘tremendous upside' in fast-growing Southeast Asia after the startup recently reported its first-ever profitable quarter [Yahoo! Finance]Yahoo! Finance
- Grab's COO thinks there's ‘tremendous upside' in fast-growing Southeast Asia after the startup recently reported its first-ever profitable quarter [Fortune]Fortune
- Ofwat explores Thames Water break-up in ‘Project Telford' rescue plan [Yahoo! Finance]Yahoo! Finance
HSBC
Sec Filings
- 4/29/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/23/24 - Form 6-K
- HSBC's page on the SEC website