Argentina's Top Private Bank Expects Lending Business to Surge [Yahoo! Finance]
Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL)
US:NASDAQ Investor Relations:
gfgsa.com
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Within Grupo Financiero Galicia SA's banking division, executives see total loans to consumers and businesses making up 40% of its total assets by the end of this year, up from roughly 30% in 2023. For further gains, Chief Executive Officer Fabian Kon says Milei's administration needs to continue cooling price increases while dismantling regulations and capital controls that he sees holding back investment and growth. “Over the next 10 months, the government needs to get rid of restrictions in the economy. For example, controls on imports and allowing people to obtain foreign currencies,” Kon said in an interview Friday. “If all of that goes well, we'll see inflation fall and credit increase.” Mortgages in particular represent a key opportunity for Argentina's top banks to expand their lending portfolios after going dormant in 2018 at the start of the country's economic crisis. Outside of a brief spike before the downturn, home loans haven't existed for
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GGAL
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