Grupo Financiero Galicia S.A. Stock 12‑Month Price Target Cut to $67.36, Implies 87% Upside

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.

GRUPO FINANCIERO GALICIA SA (GGAL) furnished an SEC Form 6-K — earnings release. Financial Report Grupo Financiero Galicia S.A. 20262nd. quarter Grupo Galicia Galicia Naranja X Galicia Seguros GlosaryRelevant information ESG Regulatory changesFondos Fima This report is a non-audited summary analysis of Grupo Galicia’s financial condition and results of operat

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%.

Cumberland Pharmaceuticals (CPIX) shares dropped 11% after hours as its Phase 2a ASSIST-SSc trial for oral ifetroban in systemic sclerosis patients showed no clear efficacy. The trial was not designed to evaluate efficacy, and the company plans further studies. Systemic sclerosis affects 100,000 people in the U.S.

The U.S. Department of Energy authorized an emergency release of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana. According to the DoE, the release aims to mitigate the impact of the disruption on the refinery's operations.

Methode Electronics' Chief Accounting Officer Stacie Schulz will resign on October 30, 2026. CFO Laura Kowalchik will take over her accounting role. The change is not due to any disagreement on accounting matters.