Grupo Financiero Galicia(US:GGAL) Yahoo Financeยท2025-10-28 09:25Core Insights - Grupo Financiero Galicia SA (NASDAQ:GGAL) has seen a significant stock price increase of 38.70%, closing at $49.14, marking its fifth consecutive day of gains, driven by a rally in Argentine markets following the election victory of President Javier Milei [1][3]. Group 1: Market Reaction - The sharp rise in GGAL's stock price reflects a broader positive sentiment in Argentine markets after Milei's unexpected electoral success, which alleviated concerns about the economic stability under a new administration [2][3]. - The US government's intervention in the currency market, acquiring a substantial amount of pesos to support its value, has also contributed to the favorable market conditions [2]. Group 2: Company Developments - Despite the recent stock performance, GGAL received a price target downgrade to $46 from JP Morgan, which also assigned a "hold" rating, indicating a cautious outlook on the stock [3]. - The company appointed Diego Hernan Rivas as the new CEO of its banking subsidiary, Banco de Galicia y Buenos Aires SA, who is expected to guide the bank's strategy during the ongoing economic challenges in Argentina [4].