Argentina's peso jumps on second day of capital controls [Reuters]
Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL)
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Source: Reuters
Argentina's peso jumps on second day of capital controls LONDON/BUENOS AIRES (Reuters) - Argentina’s peso opened sharply stronger on Tuesday, marking Wall Street’s first reaction to Argentina’s new currency controls after a long holiday weekend in the United States. The peso was 5.36% stronger at 56 per U.S. dollar, traders said, after the currency eked out a small gain on Monday. The pounding of Argentina’s bonds eased in Europe after they fell to record lows on Monday and there were tentative gains in some foreign-traded bank shares, as investors waited for Wall Street’s first reaction to Buenos Aires’ imposition of capital controls over the weekend. Frankfurt-listed American Depositary Receipts (ADR) of Grupo Financiero Galicia ( GGALyb.F The peso closed 0.88% stronger in official markets on Monday, but ended 0.79% weaker in the black market at 63.5 per dollar, a divergence underscoring mistrust of the official price. On Sunday, the government authorized the central bank to rest
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News
- Grupo Financiero Galicia S.A. (NASDAQ: GGAL) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "overweight" rating. They now have a $92.00 price target on the stock.MarketBeat
- UBS Group AG Seeks US Banking License Expansion to Drive Growth [Yahoo! Finance]Yahoo! Finance
- 5 Low P/E Stocks Paying 3+% Dividends And With Low Debt Levels [Forbes]Forbes
- Grupo Financiero Galicia S.A. (NASDAQ: GGAL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Best Momentum Stocks to Buy for November 12th [Yahoo! Finance]Yahoo! Finance
GGAL
Sec Filings
- 12/20/24 - Form 6-K
- 12/11/24 - Form 6-K
- 12/10/24 - Form SC
- GGAL's page on the SEC website