GGAL
📈 Argentine banks, including Galicia, Macro, and Supervielle, are showing significant strength, rallying 4-5% amid positive local news flow.
🏦 The banking sector is viewed favorably, considered potentially the ‘safest’ bet for quicker gains in the Argentine market due to high beta and growth potential.
🇦🇷 Positive developments like the potential IMF deal, China swap renewal, and expected agricultural exports are creating a bullish backdrop for Argentine assets, particularly benefiting banks.
@marcosemmimfp:
“Today they told me the Merval is exploding, it’s only up 3%. Yes, you have banking stocks rising very nicely, it’s a sector that I love, it drives me crazy, the Argentine banking sector, for me, has a lot of room to progress… But the strong, beautiful ones are seen in the banks: Banco Macro almost over five, Galicia over five, Supervielle over four. So there’s a sector there that I love, that I see well, I would say that for me it’s the safest… that will give you a faster profit also because those assets have much more beta. But we still continue with extreme volatility… where all the Argentine news is good. You have the International Monetary Fund, ‘Here, how much do you want? 20? No, I’ll give you more than 40.’ ‘Okay, I’ll give you 60, take it.’ China renews the swap, 5 billion… CAF 3 billion, BID 5 billion… there’s going to be a flood of dollars in Argentina… short term it will be 20, and in the medium term, it could reach 30, adding everything up.”
Watch the exact part of the video where @marcosemmimfp talks about Grupo Financiero Galicia S.A. here:
Watch the video on YouTube
Read more articles analyzing Grupo Financiero Galicia S.A. (GGAL) at the provided link. GGAL stock.
