Grupo Financiero (GGAL) Gets Beaten by Argentina Economic Uncertainties

Group 1 - Grupo Financiero Galicia SA (NASDAQ:GGAL) experienced a significant decline of 7.65% on Thursday, closing at $27.30, due to investor concerns over Argentina's fiscal stability [1][2][3] - The Argentine central bank conducted its largest daily dollar sale in five months, contributing to the downward pressure on local banks, including Grupo Financiero Galicia [2][3] - Zacks Equity Research issued a "strong sell" recommendation for Grupo Financiero Galicia, indicating a negative outlook for the stock [4][5] Group 2 - The consensus estimate for Grupo Financiero Galicia's current year earnings has been revised downward by 6.3% over the past 60 days, reflecting deteriorating investor sentiment [5]