Grupo Financiero (GGAL) Soars 21.6% as US Readies Help to Struggling Argentine Economy

Core Insights - Grupo Financiero Galicia SA (NASDAQ:GGAL) experienced a significant stock surge of 21.65% to close at $34.50, driven by investor optimism following the announcement of a U.S. rescue plan for Argentina's economy [1][2]. Group 1: Stock Performance - Grupo Financiero Galicia SA's stock rose 21.65% on Thursday, reflecting positive market sentiment [1]. - The stock closed at $34.50 per share, marking a notable increase over the previous trading days [1]. Group 2: Economic Context - The U.S. government finalized a $20 billion currency swap with Argentina's central bank, aimed at addressing the country's financial challenges [2]. - Treasury Secretary Scott Bessent highlighted the acute liquidity issues facing Argentina and emphasized the international community's support for the country's fiscal strategy [3]. Group 3: Analyst Recommendations - HSBC issued a Buy recommendation for Grupo Financiero Galicia SA, setting a price target of $60 for the stock [3].