Grupo Galicia Stock Skyrockets as Milei’s Victory Fuels Argentina’s Bank Rally – What’s Next for GGAL?
Grupo Financiero Galicia’s U.S.-listed shares surged up to 40% after President Javier Milei’s party won Argentina’s midterm elections on Oct. 26. The stock traded near $35.8 in New York, rebounding from late-September lows of $26. U.S. support, including a $20 billion currency swap, fueled additional rallies. Despite gains, GGAL remains down about 30–40% from January levels.