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Banco Galicia Faces Class Action Over Interest Rates

Story Highlights
  • Banco de Galicia y Buenos Aires S.A. faces a class action lawsuit challenging penalty interest rates.
  • The lawsuit is not expected to significantly impact Banco Galicia’s shareholders’ equity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Banco Galicia Faces Class Action Over Interest Rates

Confident Investing Starts Here:

Grupo Financiero Galicia SA ( (GGAL) ) has shared an announcement.

On June 25, 2025, Banco de Galicia y Buenos Aires S.A., a subsidiary of Grupo Financiero Galicia S.A., was notified of a class action lawsuit filed by ADDUC Asociación de Defensa de Derechos de Usuarios y Consumidores. The lawsuit challenges the constitutionality of Article 20 of Decree 70/2023, which removed the cap on penalty interest rates, and claims the bank applies excessive penalty interest rates. The case seeks to reinstate a cap on these rates and demands reimbursement for overcharges. Despite the legal challenge, the bank anticipates that an unfavorable outcome would not significantly affect its shareholders’ equity.

The most recent analyst rating on (GGAL) stock is a Buy with a $92.00 price target. To see the full list of analyst forecasts on Grupo Financiero Galicia SA stock, see the GGAL Stock Forecast page.

Spark’s Take on GGAL Stock

According to Spark, TipRanks’ AI Analyst, GGAL is a Outperform.

Grupo Financiero Galicia SA displays strong financial performance with solid revenue growth and profitability. The stock’s technical indicators show potential upward momentum, though the MACD suggests caution. The valuation indicates the stock is undervalued with a low P/E ratio and attractive dividend yield. Cash flow management is a concern that may affect financial flexibility, necessitating improvement in this area.

To see Spark’s full report on GGAL stock, click here.

More about Grupo Financiero Galicia SA

Grupo Financiero Galicia S.A. is a prominent financial services group based in Buenos Aires, Argentina. The company operates primarily through its main subsidiary, Banco de Galicia y Buenos Aires S.A., offering a range of banking services and products. It is a key player in the Argentine financial market, focusing on providing comprehensive financial solutions to its clients.

Average Trading Volume: 1,485,416

Technical Sentiment Signal: Buy

Current Market Cap: $8.39B

For a thorough assessment of GGAL stock, go to TipRanks’ Stock Analysis page.

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