Grupo Financiero Galicia S.A. (ADR) (GGAL) was Upgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Citigroup advised their investors in a research report released on Aug 22, 2016.
Grupo Financiero Galicia S.A. (ADR) closed down -0.12 points or -0.41% at $29.14 with 1,72,101 shares getting traded on Friday. Post opening the session at $29.01, the shares hit an intraday low of $29 and an intraday high of $29.38 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides directly or through its subsidiaries a range of financial products and services to large corporations small and medium sized companies (SMEs) and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A. a holding company wholly owned by the Bank the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina.