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Grupo Financiero Galicia SA
(NASDAQ:GGAL)
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Rating:56Neutral
Price Target:
$51.00
â–˛(3.45% Upside)
Action:Reiterated
Date:06/27/26
The score is driven primarily by acceptable but uneven financial performance: manageable leverage and a strong TTM cash flow rebound are positives, but profitability has deteriorated sharply with slight revenue decline and high volatility. Technicals are mixed (longer-term trend supported but short-term weakness). Valuation is the key drag due to the very high P/E despite a decent dividend yield.
Positive Factors
Market Share Leadership
Maintaining a ~15.2% share of private‑sector loans and deposits gives Banco Galicia a durable funding advantage and scale to cross‑sell products. A strong deposit base reduces reliance on wholesale funding, supports margin stability and competitive pricing over multiple economic cycles.
Negative Factors
Compressed Profitability
Very thin net margins (~0.7%) and declining revenue limit the bank’s ability to build reserves and generate returns on equity. Persistently low profitability weakens organic capital generation, constrains strategic investment and makes earnings vulnerable to adverse credit or interest rate shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Market Share Leadership
Maintaining a ~15.2% share of private‑sector loans and deposits gives Banco Galicia a durable funding advantage and scale to cross‑sell products. A strong deposit base reduces reliance on wholesale funding, supports margin stability and competitive pricing over multiple economic cycles.
Read all positive factors
Grupo Financiero Galicia SA (GGAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.53B
Dividend Yield3.6%
Average Volume (3M)1.04M
Price to Earnings (P/E)143.6
Beta (1Y)0.89
Revenue Growth0.55%
EPS Growth-94.15%
CountryUS
Employees10,032
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)823.70
Shares Outstanding132,503,200
10 Day Avg. Volume1,053,952
30 Day Avg. Volume1,043,466
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)1.62
Price to Sales (P/S)1.01
P/FCF Ratio312.19
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$85.00Price Target Upside72.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.25
Revenue Forecast (FY)$7.43B
Grupo Financiero Galicia SA Business Overview & Revenue Model
Company Description
Grupo Financiero Galicia S.A. (GGAL) functions as a prominent financial services conglomerate, delivering an extensive array of financial solutions and products to both individual clients and corporate entities across Argentina. The company struct...
How the Company Makes Money
GGAL generates earnings primarily through its banking operations (principally Banco Galicia). Key revenue and income drivers typically include: (1) Net interest income: interest earned on loan portfolios (e.g., consumer, credit card, mortgage, and...
Grupo Financiero Galicia SA Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Neutral
Balanced / Neutral — The call presented a mixed picture: material near-term challenges (sharp deterioration in asset quality, large provisioning and banking losses, and a 91% YoY decline in net income) were offset by strong liquidity and capital positions, solid deposit and loan growth on a yearly basis, diversified non-bank profit contributors, and management’s clear 2026 guidance (25% loan growth, 10%–11% ROE, cost-of-risk ~8%). Given the severity of recent credit deterioration but the healthy capital/liquidity buffer and credible plans for improvement, the tone is cautious but constructive.Positive Updates
Macroeconomic Stabilization and Lower Annual Inflation
Argentina GDP grew ~4.4% in 2025 and full-year inflation decelerated to 31.5% (vs 117.8% in 2024), providing a firmer macro backdrop despite monthly acceleration in H2 (Dec monthly +2.8%, Jan 2026 monthly +2.9%).
Negative Updates
Severe Drop in Group Profitability — Net Income Plunged 91% YoY
Net income for 2025 amounted to ARS 196 billion, down 91% vs prior year; Q4 reported a net loss of ARS 84 billion (annualized Q4 metrics: -0.7% ROA, -4.3% ROE). Excluding integration expenses the group result would have been ARS 333 billion (ROE 4.2%).
Read all updates
Q4-2025 Updates
Positive
Negative
Macroeconomic Stabilization and Lower Annual Inflation
Argentina GDP grew ~4.4% in 2025 and full-year inflation decelerated to 31.5% (vs 117.8% in 2024), providing a firmer macro backdrop despite monthly acceleration in H2 (Dec monthly +2.8%, Jan 2026 monthly +2.9%).
Read all positive updates
Company Guidance
Management's 2026 guidance included macro targets of inflation ~23% and GDP growth ~3.7%, and bank targets of loan growth ~25% (slower in H1, accelerating in H2), deposit growth 15–20% (peso ~20%, dollar ~15%), average bank margin ~16.4% (starting ~17–18% and ending ~16%), cost of risk declining from a Q4’25 peak (~12.5%) to ~8% for 2026, NPLs expected to peak in March 2026, ROE guidance of 10–11% for 2026 (with hopes of ~15% in 2027), efficiency below 40%, administrative expenses down ~10–11% YoY ex‑one‑offs, and a proposed dividend of ARS 190 billion (ARS 40 billion subject to Central Bank approval).Grupo Financiero Galicia SA Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.58T | 12.42T | 10.63T | 13.89T | 8.52T | 2.86T |
| Gross Profit | 5.83T | 5.67T | 6.66T | 6.88T | 4.33T | 1.63T |
| EBITDA | 382.17B | 608.44B | 2.40T | 1.37T | 633.50B | 376.09B |
| Net Income | 87.63B | 212.52B | 1.62T | 734.24B | 329.38B | 188.62B |
Balance Sheet | ||||||
| Total Assets | 45.16T | 45.67T | 32.52T | 10.22T | 10.49T | 3.27T |
| Cash, Cash Equivalents and Short-Term Investments | 6.65T | 9.37T | 3.76T | 2.00T | 627.91B | 462.49B |
| Total Debt | 3.25T | 3.60T | 2.16T | 465.73B | 491.26B | 160.31B |
| Total Liabilities | 36.57T | 37.91T | 26.45T | 8.20T | 8.59T | 2.68T |
| Stockholders Equity | 8.59T | 7.76T | 6.06T | 2.02T | 1.90T | 593.09B |
Cash Flow | ||||||
| Free Cash Flow | 4.08T | 40.27B | -2.92T | 1.59T | 1.74T | -302.46B |
| Operating Cash Flow | 4.30T | 326.77B | -2.70T | 6.22T | 1.79T | -281.92B |
| Investing Cash Flow | -5.99T | -12.54T | 939.32B | -178.26B | -137.68B | -17.57B |
| Financing Cash Flow | -998.79B | 873.80B | 413.52B | -500.34B | 83.96B | 51.13B |
Grupo Financiero Galicia SA Technical Analysis
Negative
49.30
Price Trends
50.61
Negative
47.10
Positive
47.97
Positive
Market Momentum
-0.18
Positive
46.25
Neutral
34.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GGAL, the sentiment is Negative. The current price of 49.3 is below the 20-day moving average (MA) of 50.51, below the 50-day MA of 50.61, and above the 200-day MA of 47.97, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 46.25 is Neutral, neither overbought nor oversold. The STOCH value of 34.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GGAL.
Grupo Financiero Galicia SA Risk Analysis
Grupo Financiero Galicia SA disclosed 44 risk factors in its most recent earnings report. Grupo Financiero Galicia SA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Grupo Financiero Galicia SA Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $16.53B | 20.77 | 20.90% | 4.43% | -3.09% | 2.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $4.11B | 27.45 | 6.79% | 1.84% | -0.28% | -56.93% | |
60 Neutral | $6.19B | 25.17 | 7.28% | 5.47% | 6.98% | 6551.65% | |
59 Neutral | $6.22B | 11.67 | 9.35% | 3.19% | 6.14% | 29.21% | |
56 Neutral | $8.53B | 143.64 | 1.16% | 3.84% | 0.55% | -94.15% | |
55 Neutral | $892.26M | -26.88 | -4.99% | ― | -9.02% | -172.36% |
* Financial Sector Average
GGAL
Grupo Financiero Galicia SA
48.36
-2.66
-5.21%
BMA
Banco Macro SA
89.57
18.60
26.20%
BSAC
Banco Santander Chile
35.25
12.84
57.33%
BBAR
Banco BBVA Argentina
17.86
1.17
7.02%
AVAL
Grupo Aval Acciones y Valores SA Pfd
5.30
2.48
88.21%
SUPV
Grupo Supervielle SA
8.98
-2.72
-23.25%
Grupo Financiero Galicia SA Corporate Events
Grupo Financiero Galicia Sets August Payment Details for Major 2026 Cash Dividend
Jul 29, 2026
Grupo Financiero Galicia S.A. has confirmed details of a major cash dividend program totaling Ps. 39,999,772,000, approved by shareholders on April 28, 2026 and formalized by the board on June 30, 2026. The dividend is being paid in three equal in...
Grupo Financiero Galicia Sets Second FY 2025 Dividend Payment for August
Jul 29, 2026
Grupo Financiero Galicia S.A. reported a material event on July 29, 2026, announcing the payment of the second installment of cash dividends corresponding to fiscal year 2025. The move follows a dividend schedule disclosed on June 30, 2026 and ste...
Grupo Financiero Galicia Details Ps. 40 Billion Cash Dividend Schedule
Jul 2, 2026
Grupo Financiero Galicia S.A., headquartered in Buenos Aires, is a leading Argentine financial services group active in banking and capital markets, with its shares and American Depositary Receipts listed in multiple jurisdictions. The company pro...
Grupo Financiero Galicia Sets First Cash Dividend Installment for July 2026
Jul 2, 2026
Grupo Financiero Galicia S.A. has reported to securities regulators that it will pay the first installment of a previously approved cash dividend, reflecting its ongoing distribution policy to shareholders. The move follows a resolution of the Ord...
Grupo Financiero Galicia Sets Q3 2026 Schedule for ARS 40 Billion Cash Dividend
Jun 30, 2026
On June 30, 2026, Grupo Financiero Galicia S.A. reported a material event confirming the board’s decision to distribute a total cash dividend of ARS 39,999,772,000, following approval at the ordinary shareholders’ meeting held on April...
Grupo Financiero Galicia Sets Major Cash Dividend in Three Installments for Q3 2026
Jun 30, 2026
On June 30, 2026, Grupo Financiero Galicia’s board, implementing a resolution from the April 28, 2026 shareholders’ meeting, approved a cash dividend distribution totaling Ps. 39,999,772,000, equal to Ps. 24.9025239772688 per Ps. 1 par...
Grupo Financiero Galicia Posts 66% Profit Drop in First Quarter 2026 Amid Elevated Provisions
May 13, 2026
On May 13, 2026, Grupo Financiero Galicia reported first-quarter 2026 results for the period ended March 31, showing net income attributable to shareholders of Ps.66.5 billion and a sharply lower ROE of 3.2 percent versus 8.8 percent a year earlie...
Grupo Financiero Galicia Discloses Class Action Over FX Rates on Credit Card Charges
May 6, 2026
Grupo Financiero Galicia said its main subsidiary, Banco de Galicia y Buenos Aires, has been notified of a class action lawsuit in Argentina dated May 6, 2025, related to foreign-currency credit card transactions. The case was filed in National Co...
Grupo Financiero Galicia Announces Large Cash Dividend for May 2026
Apr 30, 2026
On April 29, 2026, Grupo Financiero Galicia’s board, following resolutions adopted at the shareholders’ meeting held on April 28, 2026, approved a substantial cash dividend distribution. The dividend totals Ps. 150,000,228,000, equival...
Grupo Financiero Galicia Announces Ps. 150 Billion Cash Dividend Following April Shareholders’ Meeting
Apr 30, 2026
On April 28, 2026, Grupo Financiero Galicia’s shareholders authorized the board to distribute a cash dividend, underscoring the group’s position as a key player in Argentina’s financial sector. Acting on that authorization, the b...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.