GRUPO FINANCIERO GALICIA SA (GGAL): Financial results for Q2 2026

Grupo Financiero Galicia (GGAL) reported a 12% rise in Q2 2026 net income. Management expects 29% inflation, 2.6% GDP growth, and aims for 10% ROE in 2026, 15% in 2027, with long-term ROE targets of 15-20%. They anticipate 10% deposit growth, 16% net interest margin, and 6.3% NPL ratio by year-end. Dollar loans will drive growth, with peso loans seeing minimal real growth.

S&P upgraded Argentina’s sovereign credit rating from CCC+ to B- on Thursday, citing reduced economic vulnerability and improved external liquidity and debt-servicing capacity, including reserve accumulation and fiscal balance. Argentina’s country-risk index fell to 444 bps (below 450). Dollar bonds rose up to 3.3% and the S&P Merval gained 5.68% (7.3% in hard currency); ADRs climbed as much as 11.5%.

Accenture (ACN) trades at $212.69, with a high target of $275 (29.3% upside). Q4 revenue beat estimates at $18.68B, but new bookings fell 2%. UBS maintains a $275 target, citing AI and digital transformation. Analysts are divided, with an average target of $193.03. ACN is down 18.62% YTD, underperforming the S&P 500.

Nike (NKE) shares fell 10.25% premarket after reporting weaker-than-expected Q1 revenue of $11.213B and forecasting a high-single-digit percentage full-year sales decline, below analyst estimates. The company also cut Dunk supply, reducing Sportswear revenue by $200M. NKE guided adjusted EPS to $1.15-$1.35, below consensus. Greater China revenue fell 22% and Jordan Brand revenue declined mid-teens percentage.

Nike's shares fell after the company reported a 4% revenue decline to $11.2bn and a 2% net income drop to $712m in Q1, citing challenges in China. The company is restructuring and was removed from the S&P 100. Nike's market cap is $52bn, but it faces increased competition. CEO Elliott Hill acknowledged pressures in key business areas.

Wells Fargo reduced its price target for Nike (NKE) to $30 from $40, citing revenue headwinds and weak guidance. The stock has fallen 51% over the past year. The firm expects high-single-digit revenue decline and earnings per share of $1.15-$1.35 for the current year, below street estimates. Nike faces challenges in China and with its Jordan and Sportswear brands, which represent significant portions of its sales.