Grupo Financiero (GGAL) Crumbles: Stock Falls by 8% - Tale of the Tape

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Grupo Financiero Galicia S.A. ( GGAL ) saw a big move last session, as the company's shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for GGAL as the stock is now up around 14% since May 28, 2014.

The banking company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GGAL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the banking industry may consider better-ranked stocks like Bankinter, S.A. ( BKNIY ), BBVA Banco Franc ( BFR ) and The Royal Bank of Scotland Group plc ( RBS ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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GRUPO GALIC ADR (GGAL): Free Stock Analysis Report

BANKINTER SA (BKNIY): Get Free Report

BANCO FRANC-ADR (BFR): Free Stock Analysis Report

ROYAL BK SC-ADR (RBS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: GGAL , BKNIY , BFR , RBS

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18,528,869
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18,014,920
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As of 12/24/2014, 02:12 PM


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