Feb
17
Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) faced declines around 10% after news that a shrinking reserve of foreign currency forced the nation’s central bank, Banco De La Republica Argentina (BCRA) to stop intervening in the foreign exchange market. Shares of Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) closed at $9.97 in last trading session. Yesterday share price of the company was traded in the range of $9.23 – $10.02. Company now has a market value of 1.24Billion. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) price to sales ratio in past twelve months was calculated as 0.87 and price to cash ratio as 0.81.
On Feb 12 two of Argentina’s largest banks, BBVA Banco Frances S.A. (ADR) (NYSE:BFR) and Grupo Financiero Galicia S.A. ($GGAL) posted sizable gains without a fundamental reason. Both banks’ share price has been incredibly volatile over the last quarter. BBVA Banco Frances S.A. (ADR) (NYSE:BFR) stock traded in the range of $6.72 – $7.39 and at the end of the day, it closed at $7.38. Average trading volume of the company is 268,302.00. BBVA Banco Frances S.A. (ADR) (NYSE:BFR) return on equity ratio is recorded as 25.40% and its return on assets is 3.00%.
Since June 2013, Home Bancshares Inc. (NASDAQ:HOMB) has been relatively quiet with respect to MA transactions, focusing almost entirely on the completion, conversion and integration of its most recent MA transaction, the acquisition of Jonesboro, AR-based Liberty Bancshares ($2.9B in assets). Home Bancshares Inc. (NASDAQ:HOMB) after opening at $32.78moved higher 6.48% to $33.20 on last trading day. Company’s 52 week range is $16.68 – $38.98.
Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL), Banco Macro SA (ADR) (NYSE:BMA) and BBVA Banco Frances S.A. (ADR) (NYSE:BFR) each faced declines around 10% after news that a shrinking reserve of foreign currency forced the nation’s central bank, Banco De La Republica Argentina (BCRA) to stop intervening in the foreign exchange market. Banco Macro SA (ADR) (NYSE:BMA) stock hit highest price at $17.14, beginning with a price of $17.08 and decreased -1.27% to the close at $17.06 with day range of $17.02 – 17.14. The total market capitalization of the stock is 58.67.
Tags: Banco Macro SA, BBVA Banco Frances S.A, BFR, BMA, GGAL, Grupo Financiero Galicia S.A, HOMB, Home Bancshares, NASDAQ:GGAL, NASDAQ:HOMB, NYSE:BFR, NYSE:BMA
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