The stock of Grupo Financiero Galicia (GGAL, Financial) experienced a significant rise of 5.21%. The stock was priced at $52.36 per share with a trading volume of 545,029 shares, a turnover rate of 0.46%, and a volatility of 4.43%.
Recent financial reports reveal that GGAL achieved a revenue of $2.644 billion and a net profit of $462 million, resulting in earnings per share (EPS) of $3.13. The price-to-earnings (P/E) ratio stands at 5.76.
Regarding institutional ratings, among the five analysts covering the stock, 80% recommend a buy, while the remaining 20% suggest a sell, with no hold recommendations.
In the broader banking industry, GGAL outperformed the sector, which saw an overall decline of 1.60%. Within the sector, notable performers included Lendingclub Corporation, FBLA, and Eagle Bancorp, with Lendingclub experiencing a high turnover and significant price swings.
Grupo Financiero Galicia is a holding company providing various financial services, including general banking, branded credit cards, personal loans, and insurance. The company operates primarily through its banking segment, Ecosistema Naranja X, and insurance, with most of its revenue generated in Argentina.
