Buy GGAL Ahead of a Credit Upswing: Cheap Book, High Optionality
Grupo Financiero Galicia (GGAL) trades near book value with a 3.8% yield and heavy exposure to an Argentine credit recovery. With market cap of $8.53B, improving credit demand under recent reform tailwinds and a relatively light float, GGAL offers an asymmetric risk/reward for active traders. We upgrade to Buy and lay out an actionable entry, stop …