Argentina’s Bank Giant Skyrockets: Why Grupo Financiero Galicia (GGAL) Is Soaring in 2025
It’s been a wild 12-month ride for Grupo Financiero Galicia’s stock. In late 2024, GGAL surged to a 52-week high of $74 amid investor euphoria over Argentina’s new pro-market government finviz.com. In November 2023, libertarian outsider Javier Milei won Argentina’s presidency, sparking hopes of economic reform europarl.europa.eu. International analysts upgraded GGAL aggressively – for example, Morgan Stanley boosted its target to $92 and JPMorgan to $54 as 2024 ended finviz.com. This optimism propelled the ADR sharply higher into early 2025.