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GGAL - Grupo Financiero Galicia S.A.: A Macro Play Leveraged To The Upside For Argentina
Grupo Financiero Galicia S.A.
Grupo Financiero Galicia SA (NYSE:GGAL) is the holding company representing publicly traded shares of Argentina's Banco Galicia and affiliated insurance and investment management businesses. Galicia is one of the largest financial institutions in the country with about an 11% market share in deposits and loans with strong growth over the past decade. With that being said, it's been an extremely challenging period for the company and investors as the economic environment in Argentina spiraled into a crisis including a collapse of the peso currency which has lost more than 50% of its value