Revenue Update on Grupo Financiero Galicia S.A. (ADR)(NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (ADR)(NASDAQ:GGAL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Earnings per share were $0.07.

Grupo Financiero Galicia S.A. (ADR) (GGAL) shares turned negative on Wednesdays trading session with the shares closing down -0.24 points or -0.83% at a volume of 91,206. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.78. The peak price level was also seen at $28.78 while the days lowest was $28.34. Finally the shares closed at $28.53. The 52-week high of the shares is $33.08 while the 52-week low is $15.3. According to the latest information available, the market cap of the company is $3,710 M.

Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides directly or through its subsidiaries a range of financial products and services to large corporations small and medium sized companies (SMEs) and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A. a holding company wholly owned by the Bank the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina.

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