HSBC Initiates Grupo Financiero Galicia (GGAL) With a Buy, Keeps the PT

Core Viewpoint - Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is identified as an oversold financial stock with a Buy rating and a price target of $60 by HSBC analyst Carlos Gomez-Lopez [1][2]. Group 1: Company Overview - Grupo Financiero Galicia S.A. is one of the largest private financial groups in Argentina, holding leading positions in insurance, asset management, banking, and consumer finance sectors [2][4]. - The company operates as a financial holding company, providing various banking and financial services through its subsidiaries [4]. Group 2: Financial Performance - In its fiscal second quarter of 2025, Grupo Financiero Galicia reported revenues of $1.17 billion, which was $332.15 million below Wall Street expectations [3]. - The company's earnings per share (EPS) of $0.79 also fell short of consensus estimates by $0.33 [3]. - Despite missing estimates, Wall Street's 12-month price target indicates a potential upside of 123.07% from current levels [3].