Grupo Financiero Galicia (GGAL)
NASDAQ:GGAL
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Grupo Financiero Galicia SA
(NASDAQ:GGAL)
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Rating:63Neutral
Price Target:
$60.00
▲(25.26% Upside)
Action:Reiterated
Date:05/24/26
The score reflects acceptable-but-pressured financial performance (thin current margins and weak ROE despite improving leverage and a cash flow rebound) as the primary driver. Valuation is a major support due to the low P/E and high dividend yield. Technical signals are mixed and slightly negative, while earnings-call commentary balances clear 2026 improvement targets against materially elevated credit/provisioning risk.
Positive Factors
Strong capital and liquidity
Very strong regulatory capital and liquidity (total capital ~25.2%, Tier 1 ~25.1%) provide durable loss-absorption and regulatory headroom. This buffer supports continued lending, underwriting and contingency needs through Argentine macro volatility and reduces solvency-driven execution risk over months.
Negative Factors
Severe retail asset-quality deterioration
Retail nonperforming loans jumping to 14.3% reflects acute borrower stress in personal loans and cards. Persistently elevated retail NPLs raise expected credit losses, constrain new lending, and can require prolonged elevated provisioning that undermines margin recovery and loan-book growth over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong capital and liquidity
Very strong regulatory capital and liquidity (total capital ~25.2%, Tier 1 ~25.1%) provide durable loss-absorption and regulatory headroom. This buffer supports continued lending, underwriting and contingency needs through Argentine macro volatility and reduces solvency-driven execution risk over months.
Read all positive factors
Grupo Financiero Galicia SA (GGAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.97B
Dividend Yield1.82%
Average Volume (3M)1.37M
Price to Earnings (P/E)148.6
Beta (1Y)0.78
Revenue Growth0.55%
EPS Growth-94.15%
CountryUS
Employees9,183
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)823.70
Shares Outstanding132,503,200
10 Day Avg. Volume1,511,550
30 Day Avg. Volume1,371,036
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)1.62
Price to Sales (P/S)1.01
P/FCF Ratio312.19
Enterprise Value/Market Cap1.12K
Enterprise Value/Revenue0.74
Enterprise Value/Gross Profit1.72
Enterprise Value/Ebitda26.26
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.25
Revenue Forecast (FY)$7.62B
Grupo Financiero Galicia SA Business Overview & Revenue Model
Company Description
Grupo Financiero Galicia S.A. (GGAL) functions as a prominent financial services conglomerate, delivering an extensive array of financial solutions and products to both individual clients and corporate entities across Argentina. The company struct...
How the Company Makes Money
GGAL primarily makes money through its banking operations. The main revenue driver is net interest income: the group earns interest on loans and other interest-earning assets (such as consumer, SME, and corporate credit and certain securities) and...
Grupo Financiero Galicia SA Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Neutral
Balanced / Neutral — The call presented a mixed picture: material near-term challenges (sharp deterioration in asset quality, large provisioning and banking losses, and a 91% YoY decline in net income) were offset by strong liquidity and capital positions, solid deposit and loan growth on a yearly basis, diversified non-bank profit contributors, and management’s clear 2026 guidance (25% loan growth, 10%–11% ROE, cost-of-risk ~8%). Given the severity of recent credit deterioration but the healthy capital/liquidity buffer and credible plans for improvement, the tone is cautious but constructive.Positive Updates
Macroeconomic Stabilization and Lower Annual Inflation
Argentina GDP grew ~4.4% in 2025 and full-year inflation decelerated to 31.5% (vs 117.8% in 2024), providing a firmer macro backdrop despite monthly acceleration in H2 (Dec monthly +2.8%, Jan 2026 monthly +2.9%).
Negative Updates
Severe Drop in Group Profitability — Net Income Plunged 91% YoY
Net income for 2025 amounted to ARS 196 billion, down 91% vs prior year; Q4 reported a net loss of ARS 84 billion (annualized Q4 metrics: -0.7% ROA, -4.3% ROE). Excluding integration expenses the group result would have been ARS 333 billion (ROE 4.2%).
Read all updates
Q4-2025 Updates
Positive
Negative
Macroeconomic Stabilization and Lower Annual Inflation
Argentina GDP grew ~4.4% in 2025 and full-year inflation decelerated to 31.5% (vs 117.8% in 2024), providing a firmer macro backdrop despite monthly acceleration in H2 (Dec monthly +2.8%, Jan 2026 monthly +2.9%).
Read all positive updates
Company Guidance
Management's 2026 guidance included macro targets of inflation ~23% and GDP growth ~3.7%, and bank targets of loan growth ~25% (slower in H1, accelerating in H2), deposit growth 15–20% (peso ~20%, dollar ~15%), average bank margin ~16.4% (starting ~17–18% and ending ~16%), cost of risk declining from a Q4’25 peak (~12.5%) to ~8% for 2026, NPLs expected to peak in March 2026, ROE guidance of 10–11% for 2026 (with hopes of ~15% in 2027), efficiency below 40%, administrative expenses down ~10–11% YoY ex‑one‑offs, and a proposed dividend of ARS 190 billion (ARS 40 billion subject to Central Bank approval).Grupo Financiero Galicia SA Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.58T | 12.42T | 10.63T | 13.89T | 8.52T | 2.86T |
| Gross Profit | 5.83T | 5.67T | 6.66T | 6.88T | 4.33T | 1.63T |
| EBITDA | 382.17B | 608.44B | 2.40T | 1.37T | 633.50B | 376.09B |
| Net Income | 87.63B | 212.52B | 1.62T | 734.24B | 329.38B | 188.62B |
Balance Sheet | ||||||
| Total Assets | 45.40T | 45.78T | 32.52T | 10.22T | 10.49T | 3.27T |
| Cash, Cash Equivalents and Short-Term Investments | 6.68T | 9.07T | 3.76T | 2.00T | 627.91B | 462.49B |
| Total Debt | 3.66T | 3.65T | 2.16T | 465.73B | 491.26B | 160.31B |
| Total Liabilities | 36.76T | 38.01T | 26.45T | 8.20T | 8.59T | 2.68T |
| Stockholders Equity | 8.64T | 7.76T | 6.06T | 2.02T | 1.90T | 593.09B |
Cash Flow | ||||||
| Free Cash Flow | 4.08T | 40.27B | -2.92T | 1.59T | 1.74T | -302.46B |
| Operating Cash Flow | 4.30T | 326.77B | -2.70T | 6.22T | 1.79T | -281.92B |
| Investing Cash Flow | -5.99T | -12.54T | 939.32B | -178.26B | -137.68B | -17.57B |
| Financing Cash Flow | -998.79B | 873.80B | 413.52B | -500.34B | 83.96B | 51.13B |
Grupo Financiero Galicia SA Technical Analysis
Positive
47.90
Price Trends
46.43
Positive
45.99
Positive
44.77
Positive
Market Momentum
2.81
Negative
59.20
Neutral
72.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GGAL, the sentiment is Positive. The current price of 47.9 is below the 20-day moving average (MA) of 50.86, above the 50-day MA of 46.43, and above the 200-day MA of 44.77, indicating a bullish trend. The MACD of 2.81 indicates Negative momentum. The RSI at 59.20 is Neutral, neither overbought nor oversold. The STOCH value of 72.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GGAL.
Grupo Financiero Galicia SA Risk Analysis
Grupo Financiero Galicia SA disclosed 44 risk factors in its most recent earnings report. Grupo Financiero Galicia SA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Grupo Financiero Galicia SA Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $4.48B | 29.45 | 6.79% | 0.80% | -0.28% | -56.93% | |
64 Neutral | $15.57B | 14.01 | 20.90% | 4.29% | -3.09% | 2.72% | |
63 Neutral | $8.97B | 148.64 | 1.16% | 1.82% | 0.55% | -94.15% | |
60 Neutral | $6.48B | 25.95 | 7.28% | 2.37% | 6.98% | 6551.65% | |
59 Neutral | $6.19B | 12.85 | 9.35% | 3.03% | 6.14% | 29.21% | |
50 Neutral | $992.64M | -28.52 | -4.99% | 1.54% | -9.02% | -172.36% |
* Financial Sector Average
GGAL
Grupo Financiero Galicia SA
53.33
5.25
10.93%
BMA
Banco Macro SA
97.28
32.59
50.38%
BSAC
Banco Santander Chile
32.88
10.05
44.03%
BBAR
Banco BBVA Argentina
20.99
5.10
32.09%
AVAL
Grupo Aval Acciones y Valores SA Pfd
5.34
2.61
95.32%
SUPV
Grupo Supervielle SA
10.32
-0.18
-1.71%
Grupo Financiero Galicia SA Corporate Events
Grupo Financiero Galicia Posts 66% Profit Drop in First Quarter 2026 Amid Elevated Provisions
May 13, 2026
On May 13, 2026, Grupo Financiero Galicia reported first-quarter 2026 results for the period ended March 31, showing net income attributable to shareholders of Ps.66.5 billion and a sharply lower ROE of 3.2 percent versus 8.8 percent a year earlie...
Grupo Financiero Galicia Discloses Class Action Over FX Rates on Credit Card Charges
May 6, 2026
Grupo Financiero Galicia said its main subsidiary, Banco de Galicia y Buenos Aires, has been notified of a class action lawsuit in Argentina dated May 6, 2025, related to foreign-currency credit card transactions. The case was filed in National Co...
Grupo Financiero Galicia Announces Large Cash Dividend for May 2026
Apr 30, 2026
On April 29, 2026, Grupo Financiero Galicia’s board, following resolutions adopted at the shareholders’ meeting held on April 28, 2026, approved a substantial cash dividend distribution. The dividend totals Ps. 150,000,228,000, equival...
Grupo Financiero Galicia Announces Ps. 150 Billion Cash Dividend Following April Shareholders’ Meeting
Apr 30, 2026
On April 28, 2026, Grupo Financiero Galicia’s shareholders authorized the board to distribute a cash dividend, underscoring the group’s position as a key player in Argentina’s financial sector. Acting on that authorization, the b...
Grupo Financiero Galicia Shareholders Approve 2025 Results and Large Dividend Reserve at April 28 Meeting
Apr 29, 2026
On April 28, 2026, Grupo Financiero Galicia held its Ordinary Shareholders’ Meeting remotely via Microsoft Teams, with an 80.47% quorum, to review 2025 performance and corporate governance matters. Shareholders approved the 2025 financial st...
Grupo Financiero Galicia Flags FGS-ANSES Plan to Use Cumulative Voting at April 28 Shareholders’ Meeting
Apr 17, 2026
Grupo Financiero Galicia S.A., the Argentine financial group, disclosed that its shareholder FGS-ANSES intends to exercise cumulative voting rights at the company’s upcoming Ordinary and Extraordinary Shareholders’ Meeting. The meeting...
Grupo Financiero Galicia Announces New Chairman at Main Unit Banco Galicia
Apr 15, 2026
On April 15, 2026, Grupo Financiero Galicia reported that its main subsidiary, Banco de Galicia y Buenos Aires S.A.U., appointed Gastón Bourdieu as Chairman of the Board of Directors following an Ordinary General Shareholders’ Meeting h...
Grupo Financiero Galicia Sets April Dividend Payment of Ps. 41.8 Billion
Apr 7, 2026
On April 7, 2026, Grupo Financiero Galicia’s board approved the payment of a cash dividend totaling Ps. 41.78 billion, equivalent to Ps. 26.0090022870789 per share, as previously authorized by shareholders at the April 29, 2025 meeting. Shar...
Grupo Financiero Galicia Announces Multi-Billion Peso Cash Dividend for April 2026
Apr 7, 2026
On April 7, 2026, Grupo Financiero Galicia reported that its board, acting under authority granted by shareholders at the April 29, 2025 ordinary meeting, approved a significant cash dividend distribution. The dividend totals Ps. 41,777,056,911.19...
Grupo Financiero Galicia’s Banco Galicia Executes Tenth FY 2024 Dividend Payment
Mar 31, 2026
Grupo Financiero Galicia S.A. reported that its main subsidiary, Banco de Galicia y Buenos Aires S.A., has executed the tenth cash dividend payment tied to fiscal year 2024 results. The installment, totaling ARS 41.78 billion before a 7% withholdi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.