Grupo Financiero Galicia Stock (NASDAQ: GGAL)

Grupo Financiero Galicia (NASDAQ:GGAL) Stock, Quote.Headers.trade-ideas

Grupo Financiero Galicia

Grupo Financiero Galicia SA is a financial service holding company. It provides general banking services, proprietary brand credit card services, personal loans, insurance, and other services. The company's operating business segments are Banks, Ecosistema Naranja X, Insurance, Adjustments, and Other Businesses. It generates maximum revenue from Banks. Geographically its operate in Argentina, Uruguay, and the majority of its revenue comes from Argentina.

August,17,,2019,Santa,Clara, - ,Ca, - ,Usa,-

Mid Cap

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AMBA

ARDT

BILL

GGAL

SMTC

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Top performing mid-cap stocks in the last week, including Semtech, Stevanato, Ambarella, Ardent Health, BILL, Box, and Grupo Financiero Galicia.

Ambarella, Bill Holdings And Box Are Among Top 7 Mid Cap Gainers Last Week (Aug 25-Aug 31): Are The Others In Your Portfolio?

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ARGT

Elon Musk recommends investing in Argentina and assets soar: ETF up 54%; bank stocks up over 100%; IMF praises stabilization efforts.

Elon Musk Endorses Argentine Stocks; Bond, ETF Rally Persists In Wake Of Milei&#39;s Election Victory

HSBC

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HSBC&#39;s subsidiary, HSBC Latin America B.V., sells Argentina business to Grupo Financiero Galicia for $550 million, focusing on higher value opportunities.

Adios Argentina: HSBC Divests Banking Operations In Argentina For $550M

Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying

Grupo Financiero Galicia SA

WIIM

BANR

BBAR

CVBF

EWBC

FITB

HBAN

INTR

Shares of banking companies are trading lower amid overall market sympathy following the Fed's rate decision to cut rates by 25 basis points.

Grupo Financiero Galicia shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Overweight.

Morgan Stanley analyst Jorge Kuri upgrades Grupo Financiero Galicia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>) from Underweight to Overweight and announces $92 price target.

Upgrades

Price Target

Analyst Ratings

Morgan Stanley Upgrades Grupo Financiero Galicia to Overweight, Announces $92 Price Target

CEPU

CRESY

LOMA

MELI

SUPV

Telecom Argentina Stet - France Telecom S.A.

Shares of US-listed Argentine stocks are trading higher on continued strength after the nation received a credit upgrade from Fitch over the weekend.

Financial giants have made a conspicuous bearish move on Grupo Financiero Galicia. Our analysis of options history for Grupo Financiero Galicia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>) revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $88,572, and 6 were calls, valued at $224,092.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $65.0 for Grupo Financiero Galicia over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Grupo Financiero Galicia options trades today is 398.43 with a total volume of 912.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Grupo Financiero Galicia's big money trades within a strike price range of $40.0 to $65.0 over the last 30 days.
<h3>Grupo Financiero Galicia Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731954619_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$9.3</td>
<td>$8.2</td>
<td>$9.22</td>
<td>$60.00</td>
<td>$54.1K</td>
<td>76</td>
<td align="right">159</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$9.0</td>
<td>$8.6</td>
<td>$8.8</td>
<td>$60.00</td>
<td>$43.7K</td>
<td>76</td>
<td align="right">50</td>
</tr>
<tr>
<td>GGAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.75</td>
<td>$1.7</td>
<td>$1.75</td>
<td>$55.00</td>
<td>$36.9K</td>
<td>526</td>
<td align="right">234</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$24.8</td>
<td>$21.5</td>
<td>$24.25</td>
<td>$40.00</td>
<td>$36.3K</td>
<td>1.3K</td>
<td align="right">15</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$9.2</td>
<td>$8.1</td>
<td>$8.89</td>
<td>$60.00</td>
<td>$36.3K</td>
<td>76</td>
<td align="right">97</td>
</tr>
</tbody>
</table>

<h3>About Grupo Financiero Galicia</h3>
Grupo Financiero Galicia SA is a financial service holding company. It provides general banking services, proprietary brand credit card services, personal loans, insurance, and other services. The company's operating business segments are Banks, Ecosistema Naranja X, Insurance, Adjustments, and Other Businesses. It generates maximum revenue from Banks. Geographically its operate in Argentina, Uruguay, and the majority of its revenue comes from Argentina.
After a thorough review of the options trading surrounding Grupo Financiero Galicia, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Grupo Financiero Galicia Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 814,505, with GGAL's price up by 5.28%, positioned at $59.26.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Grupo Financiero Galicia with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Smart Money Is Betting Big In GGAL Options

DESP

Shares of US-listed Argentine stocks are trading higher after Donald Trump's presidential victory.

BIOX

Shares of US-listed Argentine stocks are trading higher after Banco de la Nacion, the country's largest bank, stated it wants to issue debt and return to international capital markets for the first time in 30 years.

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) shares jumped 19.43% after the company reported better-than-expected <a href="https://www.benzinga.com//node/40587744" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>. A couple of analysts raised <a href="https://www.benzinga.com/quote/SMTC/analyst-ratings" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>Stevanato Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) stock gained 17.89% in the last week.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) stock escalated 17.29% after the company posted better-than-<a href="https://www.benzinga.com//node/40602443" target="_blank" rel="noreferrer noopener">expected second-quarter results</a>. Several analysts<a href="https://www.benzinga.com/quote/amba/analyst-ratings" target="_blank" rel="noreferrer noopener"> raised the price target</a>.</li>
<li>Ardent Health Partners, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARDT#NYSE">ARDT</a>) stock was up 15.16%.</li>
<li>BILL Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) shares increased 13.98% after the company&#8217;s CEO and CFO disclosed share purchases.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) shares increased 12.88% after the company reported better-than-expected second-quarter results and issued three-quarter and <a href="https://www.benzinga.com//node/40588205" target="_blank" rel="noreferrer noopener">FY25 guidance above estimates</a>. Some analysts raised the <a href="https://www.benzinga.com/quote/box/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Grupo Financiero Galicia S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>) shares are up 11.91% after JP Morgan upgraded the stock from Underweight to Overweight and <a href="https://www.benzinga.com/quote/ggal/analyst-ratings" target="_blank" rel="noreferrer noopener">announced a $54 price target</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40675182/dollar-general-temu-parent-pdd-and-super-micro-computer-are-among-top-10-large-cap-losers-last-wee" target="_blank" rel="noreferrer noopener">Dollar General, Temu Parent PDD And Super Micro Computer Are Among Top 10 Large Cap Losers Last Week (Aug 25-Aug 31): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40674984/affirm-mongodb-and-best-buy-are-among-top-10-large-cap-gainers-last-week-aug-25-aug-31-are-the-oth" target="_blank" rel="noreferrer noopener">Affirm, Mongodb And Best Buy Are Among Top 10 Large Cap Gainers Last Week (Aug 25-Aug 31): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Sundry Photography via Shutterstock

Grupo Financiero Galicia shares are trading higher after JP Morgan upgraded the stock from Underweight to Overweight and announced a $54 price target.

JP Morgan analyst Domingos Falavina upgrades Grupo Financiero Galicia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>) from Underweight to Overweight and announces $54 price target.

JP Morgan Upgrades Grupo Financiero Galicia to Overweight, Announces $54 Price Target

Grupo Financiero Galicia shares are trading higher after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $28 to $36.

B of A Securities analyst Mario Pierry upgrades Grupo Financiero Galicia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>) from Underperform to Buy and raises the price target from $28 to $36.

B of A Securities Upgrades Grupo Financiero Galicia to Buy, Raises Price Target to $36

CADE

FCNCA

FMAO

IBTX

INDB

PPBI

TCBI

WSFS

WTFC

Shares of banking companies are trading lower amid overall market weakness on US economic concerns.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OSCR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$21.00</td>
<td>$29.9K</td>
<td>5.8K</td>
<td>3.3K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$150.00</td>
<td>$159.2K</td>
<td>2.4K</td>
<td>794</td>
</tr>
<tr>
<td>ABR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$103.4K</td>
<td>2.4K</td>
<td>601</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$90.00</td>
<td>$82.5K</td>
<td>1.1K</td>
<td>355</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$60.00</td>
<td>$45.5K</td>
<td>1.5K</td>
<td>109</td>
</tr>
<tr>
<td>BCS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$9.00</td>
<td>$59.5K</td>
<td>2.1K</td>
<td>103</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/28/24</td>
<td>$230.00</td>
<td>$59.8K</td>
<td>339</td>
<td>40</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$31.5K</td>
<td>809</td>
<td>11</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$210.00</td>
<td>$125.1K</td>
<td>549</td>
<td>7</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$17.50</td>
<td>$32.4K</td>
<td>104</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For OSCR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on July 19, 2024. This event was a transfer of 666 contract(s) at a $21.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $45.0 per contract. There were 5812 open contracts at this strike prior to today, and today 3358 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on June 21, 2024. Parties traded 20 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $159.2K, with a price of $7961.0 per contract. There were 2437 open contracts at this strike prior to today, and today 794 contract(s) were bought and sold. 
• Regarding ABR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>), we observe a put option sweep with bearish sentiment. It expires in 575 day(s) on January 16, 2026. Parties traded 1592 contract(s) at a $5.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $103.4K, with a price of $65.0 per contract. There were 2429 open contracts at this strike prior to today, and today 601 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option sweep that happens to be neutral, expiring in 365 day(s) on June 20, 2025. This event was a transfer of 159 contract(s) at a $90.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $82.5K, with a price of $520.0 per contract. There were 1195 open contracts at this strike prior to today, and today 355 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option trade that happens to be bullish, expiring in 92 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $45.5K, with a price of $456.0 per contract. There were 1534 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold. 
• Regarding BCS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on June 21, 2024. Parties traded 350 contract(s) at a $9.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $59.5K, with a price of $170.0 per contract. There were 2109 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on June 28, 2024. This event was a transfer of 184 contract(s) at a $230.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $59.8K, with a price of $325.0 per contract. There were 339 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option sweep that happens to be bullish, expiring in 211 day(s) on January 17, 2025. This event was a transfer of 18 contract(s) at a $100.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $1750.0 per contract. There were 809 open contracts at this strike prior to today, and today 11 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bullish, expiring in 547 day(s) on December 19, 2025. This event was a transfer of 65 contract(s) at a $210.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $125.1K, with a price of $1925.0 per contract. There were 549 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold. 
• Regarding GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we observe a call option trade with neutral sentiment. It expires in 575 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $1620.0 per contract. There were 104 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

OSCR

PYPL

10 Financials Stocks With Whale Alerts In Today's Session

Shares of US-listed Argentina stocks are trading higher after Argentina's Senate passed the Bases law.

Shares of US-listed Argentinan stocks are trading lower. March economic activity index reportedly declined year over year.

&#8220;I recommend investing in Argentina&#8221; — a few words from Elon Musk on social media platform X bolstered Argentine assets to new heights, underscoring investor confidence under new <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38659381/elon-musk-meets-bitcoin-supporting-president-javier-milei-again-i-recommend-investing-in-a">President Javier Milei&#8217;s administration.</a>
The Global X MSCI Argentine ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>), which tracks the performance of leading Argentine stocks, registered over a 1% increase shortly after markets opened in New York. 
This marks the ETF&#8217;s eighth gain in nine sessions, culminating in a 54% rally since Milei&#8217;s election victory in November 2023.
The bullish sentiment extended to Argentine fixed-income assets, particularly dollar-denominated bonds. Notes maturing in July 2030 spiked to 55 cents on the dollar, more than doubling their value since the election of the libertarian President, who many now regard as having a Midas touch on the nation&#8217;s financial market.
Investor optimism has been particularly robust within the banking sector. Shares in major Argentine banks like Banco Macro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMA#NYSE">BMA</a>), Grupo Financiero Galicia S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), and Banco BBVA Argentina S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>) soaring by more than 100% since the start of the year.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I recommend investing in Argentina <a href="https://t.co/DIrcf8TsLN">https://t.co/DIrcf8TsLN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1787654457339342932?ref_src=twsrc%5Etfw">May 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Chart: Milei&#8217;s Midas Touch On Argentine Stocks, Banks
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-1024x495.png" alt="" class="wp-image-326127" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Argentina&#8217;s Central Bank Slashes Rates As Monthly Inflation</h3>
Earlier this month, Argentina&#8217;s central bank made a significant move by cutting the benchmark interest rate by 10 percentage points to 50%. 
This adjustment, the fifth since December and third in three weeks, was prompted by a noticeable slowdown in monthly inflation. 
At the end of 2023, the monthly inflation rate in Argentina surged to 25%, indicating a perilous path towards hyperinflation. 
March&#8217;s inflation data revealed a slowdown to 11% month-over-month, lower than the anticipated 12.1%.
In addition, Milei&#8217;s administration bolstered the country&#8217;s fiscal measures. In the first quarter of the year, Argentina achieved the first budget surplus in 16 years. 
&#8220;If the state does not spend more than it collects and does not issue (money), there is no inflation. This is not magic,&#8221; Milei stated.
<h3 class="wp-block-heading">IMF Commends Argentine Efforts</h3>
The International Monetary Fund (IMF) has praised Argentina for its &#8220;ambitious stabilization plan,&#8221; noting the country&#8217;s progress in restoring macroeconomic stability, as Julie Kozack, head of the Communications Department at the IMF, said in April. 
With improved fiscal management, rebuilding of international reserves, and better-than-expected inflation control, Argentina is seeing positive changes in key economic indicators.
In February, the IMF approved an immediate disbursement of $4.7 billion to Argentina, part of a larger effort to support the country&#8217;s economic reforms. This brings the total IMF disbursements under the current arrangement to approximately $40.6 billion.
Looking ahead, the Argentine government&#8217;s commitment to fiscal discipline and inflation control sets a promising course for continued economic recovery. With international support and robust policy measures, Argentine assets could continue to witness the continuation of their bullish momentum. 
Now Read: <a href="https://www.benzinga.com/news/24/05/38669520/elon-musk-is-all-hearts-for-jack-dorsey-calling-x-freedom-technology-after-quitting-twitter-killer-b">Elon Musk Is All Hearts For Jack Dorsey Calling X &#8216;Freedom Technology&#8217; After Quitting Twitter-Killer Bluesky</a>
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Elon Musk Endorses Argentine Stocks; Bond, ETF Rally Persists In Wake Of Milei's Election Victory

BENF

Bakkt Holdings, Inc. Class A Common Stock

BKKT

EHTH

HOOD

ITUB

MDBH

RELI

UPST

Shares of companies within the broader financial sector are trading lower amid overall market weakness, offsetting strong bank earnings.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/12/24</td>
<td>$245.00</td>
<td>$58.6K</td>
<td>2.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$77.50</td>
<td>$276.0K</td>
<td>5.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$36.00</td>
<td>$33.5K</td>
<td>4.4K</td>
<td>230</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$80.00</td>
<td>$56.1K</td>
<td>1.3K</td>
<td>173</td>
</tr>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$27.5K</td>
<td>287</td>
<td>98</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$40.00</td>
<td>$79.0K</td>
<td>14.1K</td>
<td>77</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$29.00</td>
<td>$31.6K</td>
<td>22</td>
<td>69</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$40.00</td>
<td>$28.5K</td>
<td>90</td>
<td>40</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$250.00</td>
<td>$30.8K</td>
<td>0</td>
<td>33</td>
</tr>
<tr>
<td>MMC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$190.00</td>
<td>$32.7K</td>
<td>213</td>
<td>0</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on April 12, 2024. Parties traded 143 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $58.6K, with a price of $410.0 per contract. There were 2045 open contracts at this strike prior to today, and today 1755 contract(s) were bought and sold. 
• Regarding AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we observe a call option trade with bearish sentiment. It expires in 72 day(s) on June 21, 2024. Parties traded 1000 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $276.0K, with a price of $276.0 per contract. There were 5586 open contracts at this strike prior to today, and today 1006 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bearish, expiring in 72 day(s) on June 21, 2024. This event was a transfer of 289 contract(s) at a $36.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $116.0 per contract. There were 4417 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option sweep that happens to be bullish, expiring in 163 day(s) on September 20, 2024. This event was a transfer of 52 contract(s) at a $80.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $1080.0 per contract. There were 1361 open contracts at this strike prior to today, and today 173 contract(s) were bought and sold. 
• Regarding TOST (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), we observe a call option sweep with neutral sentiment. It expires in 646 day(s) on January 16, 2026. Parties traded 70 contract(s) at a $35.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $394.0 per contract. There were 287 open contracts at this strike prior to today, and today 98 contract(s) were bought and sold. 
• Regarding TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on June 21, 2024. Parties traded 823 contract(s) at a $40.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $79.0K, with a price of $96.0 per contract. There were 14118 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on April 19, 2024. This event was a transfer of 66 contract(s) at a $29.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $480.0 per contract. There were 22 open contracts at this strike prior to today, and today 69 contract(s) were bought and sold. 
• For GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we notice a call option trade that happens to be bullish, expiring in 100 day(s) on July 19, 2024. This event was a transfer of 300 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $95.0 per contract. There were 90 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bearish, expiring in 345 day(s) on March 21, 2025. This event was a transfer of 7 contract(s) at a $250.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $4400.0 per contract. There were 0 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold. 
• For MMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), we notice a call option trade that happens to be bullish, expiring in 9 day(s) on April 19, 2024. This event was a transfer of 25 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $1310.0 per contract. There were 213 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

TOST

HSBC Holdings plc&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) wholly-owned subsidiary, HSBC Latin America B.V., inked a binding agreement to&nbsp;<a target="_blank" href="https://www.hsbc.com/news-and-views/news/hsbc-news-archive/hsbc-agrees-to-sell-its-business-in-argentina" rel="noreferrer noopener">sell&nbsp;</a>its business in Argentina to&nbsp;Grupo Financiero Galicia&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>).
As per the terms, Galicia will acquire all of the bank&#8217;s Argentina business covering banking, asset management, and insurance, together with $100 million of subordinated debt for a consideration of $550 million.
HSBC anticipates receiving the purchase consideration in a combination of cash, loan notes, and Galicia&#8217;s American Depositary Receipts (ADRs), with ADRs accounting for around half of the consideration received and representing less than a 10% economic interest in Galicia.&nbsp;
The bank expects a $1.0 billion pre-tax loss upon reclassification of the business as held for sale in the first quarter of 2024.&nbsp;
Post closure, HSBC expects the recognition of $4.9 billion in historical foreign currency translation reserve losses.
HSBC reiterated the dividend payout ratio target at 50% for 2024 and continues to expect a return on average tangible&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">equity in the mid-teens for 2024</a>.
The transaction is expected to be completed within the next 12 months, subject to conditions, including regulatory approvals.&nbsp;
Noel Quinn, Group Chief Executive, said,&nbsp;&#8220;We are pleased to agree the sale of HSBC Argentina. This transaction is another important step in the execution of our strategy and enables us to focus our resources on higher value opportunities across our international network.&#8221;&nbsp;
&#8220;We remain committed to Mexico and the US, and to serving our international clients throughout our global network with our leading transaction banking capabilities.&#8221;
Last month, HSBC launched a $150 million Venture Debt offering in Singapore alongside a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37955109/whats-going-on-hsbc-shares-premarket-wednesday" rel="noreferrer noopener">$1 billion ASEAN Growth Fund</a>.
Investors can gain exposure to the stock via&nbsp;Themes Global Systemically Important Banks ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIB#NASDAQ">GSIB</a>) and&nbsp;Avantis International Large Cap Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>).
In February, HSBC reported fourth-quarter revenue that declined 11% Y/Y to $13.021 billion as NII fell 7% Y/Y to $8.28 billion, impacted by notable&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37233194/why-hsbc-shares-are-diving-premarket-wednesday" rel="noreferrer noopener">items of $(2.7) billion&nbsp;booked in the quarter.</a>
Price Action: HSBC shares are up 0.49% at $41.21 premarket on the last check Tuesday.
Image: Shutterstock/ sylv1rob1

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MARA

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Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares)

Grupo Aval Acciones

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Banco Bradesco Sa American Depositary Shares (each representing one Common Share)

Banco De Chile

Banco Macro S.A. ADR (representing Ten Class B Common Shares)

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Fifth Third Bancorp

Intercorp Financial Services Inc. Common Shares

Intercorp Financial Servs

Inter & Co

KB Financial Group

KeyCorp

Shinhan Financial Group Co Ltd American Depositary Shares

Shinhan Finl Gr

Grupo Supervielle S.A. American Depositary Shares each Representing five Class B shares

Grupo Supervielle

Woori Financial Group Inc. American Depositary Shares (each representing three (3) shares of Common Stock)

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