An announcement from Grupo Financiero Galicia SA ( (GGAL) ) is now available.
On March 5, 2025, Grupo Financiero Galicia S.A. announced its financial results for the fourth quarter of 2024, highlighting a significant acquisition of HSBC’s business in Argentina, completed on December 6, 2024. This strategic acquisition, valued at $475 million, strengthens Grupo Galicia’s position as the largest private financial group in Argentina, enhancing its market share and expanding its offerings in the insurance sector. The acquisition contributed to a substantial increase in net income, with the company reporting a 121% rise in net income for the year compared to 2023, driven by profits from its interests in various subsidiaries.
More about Grupo Financiero Galicia SA
Grupo Financiero Galicia S.A. is a leading financial services holding company in Argentina, offering a wide range of services including savings, credit, and investment opportunities. The company operates through various subsidiaries, including Banco de Galicia y Buenos Aires S.A.U., GGAL Holdings S.A., and others, with a strong focus on customer experience and sustainable development.
YTD Price Performance: -18.90%
Average Trading Volume: 1,129,069
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.48B
Learn more about GGAL stock on TipRanks’ Stock Analysis page.