Want to see GGAL full AI Analyst Report?
Top Page
Grupo Financiero Galicia SA
(NASDAQ:GGAL)
Select Model
Select Model
Rating:54Neutral
Price Target:
$45.00
â–²(2.48% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weakened profitability/ROE and volatile cash-flow quality, despite a reasonably stable balance sheet. Technicals are also soft with the price below key moving averages and negative MACD. Earnings-call guidance provides some support via a defined path to better ROE and lower credit costs, but valuation remains challenging due to a high P/E even with a moderate dividend yield.
Positive Factors
Strong capital and liquidity
Robust capital and liquidity provide a durable buffer against credit losses, funding stress, and Argentina’s volatile operating environment. This financial capacity also supports continued lending and investment while reducing the risk that near-term balance-sheet pressure constrains strategic flexibility.
Negative Factors
Severe profitability compression
The sharp decline in margins and ROE shows that the group’s current earnings power is materially weaker than at its prior peak. Persistently low returns could limit internal capital generation and make management’s medium-term ROE objectives harder to achieve without sustained operational recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong capital and liquidity
Robust capital and liquidity provide a durable buffer against credit losses, funding stress, and Argentina’s volatile operating environment. This financial capacity also supports continued lending and investment while reducing the risk that near-term balance-sheet pressure constrains strategic flexibility.
Read all positive factors
Grupo Financiero Galicia SA (GGAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.36B
Dividend Yield3.82%
Average Volume (3M)829.27K
Price to Earnings (P/E)64.8
Beta (1Y)0.85
Revenue Growth3.21%
EPS Growth-89.45%
CountryUS
Employees10,032
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)1356.90
Shares Outstanding132,503,200
10 Day Avg. Volume823,409
30 Day Avg. Volume829,273
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
$72.50Price Target Upside65.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)4.31
Revenue Forecast (FY)$7.04B
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:Aug 20, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 09, 2027
Earnings Call Sentiment Positive
The call presents a generally constructive outlook: the group reported higher net income, improved capital ratios, stronger liquidity, deposit and market-share gains, meaningful sequential profit recovery at Banco Galicia and sizable one-off/treasury gains. Management also provided concrete guidance (loan growth 10–15%, deposit growth ~10%, bank cost of risk improving to ~8.3% full-year, bank NIM ~16%, ROE target ~10–12% for 2026) and reiterated efficiency targets. Key challenges remain: NPLs increased in Q2 and cost of risk remains elevated (though declining), loan growth in pesos is subdued, and margin pressure is expected as inflation and rates normalize. On balance the operational improvements, capital strength and visible path to lower credit costs slightly outweigh current asset-quality and margin headwinds.Positive Updates
Group Profitability and Returns
Net income for Q2 2026: ARS 258 billion, up 12% year-over-year; quarterly return on average assets 2.1% and return on average shareholders' equity 11.3%. Banco Galicia drove results (ARS 158b) with sequential net income improvement of 211% and +21% year-over-year.
Negative Updates
Increase in Nonperforming Loans
Bank NPL ratio rose to 8.3% at quarter-end from 7.7% in Q1 2026 (+60 basis points QoQ). Company notes NPL peak occurred in Q2 and expects stabilization with gradual reduction, but asset-quality remains a near-term concern.
Read all updates
Q2-2026 Updates
Positive
Negative
Group Profitability and Returns
Net income for Q2 2026: ARS 258 billion, up 12% year-over-year; quarterly return on average assets 2.1% and return on average shareholders' equity 11.3%. Banco Galicia drove results (ARS 158b) with sequential net income improvement of 211% and +21% year-over-year.
Read all positive updates
Company Guidance
The company guided to 2026 loan growth of about 10–15% (with most growth in dollar commercial lending and only modest real peso/retail growth — personal loans ~4–5% H2), deposits growth around 10% for the year, and bank NIM near 16% (group ~17%); it expects bank cost of risk to average ~8.3% for the full year (down from 9.3% now), NPLs to decline toward ~6.3% by year‑end (from 8.3% in Q2) with coverage rising to ~95% next quarter and nearer 100% by year‑end, and Naranja X NPLs to fall to ~17% with coverage recovering toward 100%. Management targets ROE of roughly 10%–12% for 2026 (medium‑term ambition 15%+, long‑term 15–20%), an ~11% reduction in costs versus prior year, an efficiency ratio below 40% in 2026 (longer‑term 37–38%), and says capital is ample to support growth (regulatory capital ~26% now; targeting ~24–25% at year‑end) while monitoring inflation (~29% guidance) and GDP (~2.6%).Grupo Financiero Galicia SA Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
64
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.43T | 12.42T | 10.63T | 13.89T | 8.52T | 2.86T |
| Gross Profit | 6.25T | 5.67T | 6.66T | 6.88T | 4.33T | 1.63T |
| EBITDA | 533.95B | 608.44B | 2.40T | 1.37T | 633.50B | 376.09B |
| Net Income | 173.31B | 212.52B | 1.62T | 734.24B | 329.38B | 188.62B |
Balance Sheet | ||||||
| Total Assets | 50.36T | 45.67T | 32.52T | 10.22T | 10.49T | 3.27T |
| Cash, Cash Equivalents and Short-Term Investments | 6.24T | 9.37T | 3.76T | 2.00T | 627.91B | 462.49B |
| Total Debt | 3.01T | 3.60T | 2.16T | 465.73B | 491.26B | 160.31B |
| Total Liabilities | 41.17T | 37.91T | 26.45T | 8.20T | 8.59T | 2.68T |
| Stockholders Equity | 9.20T | 7.76T | 6.06T | 2.02T | 1.90T | 593.09B |
Cash Flow | ||||||
| Free Cash Flow | 4.75T | 40.27B | -2.92T | 1.59T | 1.74T | -302.46B |
| Operating Cash Flow | 5.07T | 326.77B | -2.70T | 6.22T | 1.79T | -281.92B |
| Investing Cash Flow | -8.15T | -12.54T | 939.32B | -178.26B | -137.68B | -17.57B |
| Financing Cash Flow | -942.77B | 873.80B | 413.52B | -500.34B | 83.96B | 51.13B |
Grupo Financiero Galicia SA Technical Analysis
Negative
43.91
Price Trends
47.39
Negative
46.97
Negative
47.53
Negative
Market Momentum
-0.82
Negative
46.33
Neutral
62.18
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 43.91 is above the 20-day moving average (MA) of 43.45, below the 50-day MA of 47.39, and below the 200-day MA of 47.53, indicating a neutral trend. The MACD of -0.82 indicates Negative momentum. The RSI at 46.33 is Neutral, neither overbought nor oversold. The STOCH value of 62.18 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $4.79B | 17.61 | 14.00% | 2.39% | 9.67% | 9.32% | |
66 Neutral | $3.13B | 16.52 | 8.15% | 3.01% | 5.91% | -32.85% | |
64 Neutral | $5.13B | 18.77 | 7.73% | 5.77% | 4.03% | -24.70% | |
61 Neutral | $6.26B | 11.47 | 9.54% | 3.09% | 15.47% | 18.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | $7.36B | 64.80 | 2.13% | 3.82% | 3.21% | -89.45% | |
42 Neutral | $797.35M | -24.54 | -4.77% | 2.26% | -4.66% | -184.78% |
* General Sector Average
GGAL
Grupo Financiero Galicia SA
44.49
13.61
44.09%
BMA
Banco Macro SA
79.17
34.48
77.17%
BBAR
Banco BBVA Argentina
15.16
5.63
59.13%
FFIN
First Financial Bankshares
32.69
-2.49
-7.08%
AVAL
Grupo Aval Acciones y Valores SA Pfd
5.34
2.06
62.66%
SUPV
Grupo Supervielle SA
8.77
2.51
40.10%
Grupo Financiero Galicia SA Corporate Events
Grupo Financiero Galicia Confirms Third FY 2025 Dividend Installment
Sep 2, 2026
Grupo Financiero Galicia has reported a material event concerning its shareholder remuneration policy, confirming the payment of the third cash dividend installment for fiscal year 2025. The announcement, made on September 2, 2026, underscores the...
Grupo Financiero Galicia Details September Cash Dividend Payout
Sep 2, 2026
Grupo Financiero Galicia S.A. has confirmed details of the third and final installment of a substantial cash dividend program approved earlier this year. The board resolved on June 30, 2026, following an April 28, 2026 shareholders’ meeting,...
Grupo Financiero Galicia Posts Higher Q2 2026 Profit on Lower Funding Costs
Aug 25, 2026
Grupo Financiero Galicia reported on August 25, 2026, that net income attributable to the group reached Ps.258,322 million for the second quarter ended June 30, 2026, up 12% year-on-year. This performance translated into an annualized ROE of 11.3%...
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...
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.