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Grupo Financiero (GGAL) Crumbles: Stock Falls by 8%
June 12, 2014

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Grupo Financiero Galicia S.A. (GGAL - Free Report) 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 - Free Report) , BBVA Banco Franc (BFR - Free Report) and The Royal Bank of Scotland Group plc (RBS - Free Report) . All these stocks carry a Zacks Rank #1 (Strong Buy).
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