Gary Yeowell Thesis Grupo Financiero Galicia (NASDAQ: GGAL ) is one of the largest traditional banks in Argentina. Besides that, it is the best positioned among its peers to capitalize on the ongoing digital banking transformation. The company covers all banking aspects through its subsidiaries, including digital banking. Naranja X is the third to Mercado Pago and BNA+ banking apps. Mercado Pago is owned by MercadoLibre ( MELI ) and Banco de la Nacion owns BNA+. The former is LATAM’s leading e-commerce platform, while the latter is the biggest bank in Argentina. As the name suggests, Banco de la Nacion is a state enterprise. Gruppo Financiero Galicia is the sole traditional bank with a strong presence in digital services. Banco Macro ( BMA ) lags significantly behind. However, Banco BBVA Argentina ( BBAR ) is advancing. Apart from traditional and digital banking, Grupo Financiero Galicia manages insurance, securities, and investment subsidiaries. The company has a solid standing due to its neat balance sheet compositions, providing risk mitigation. I give a buy rating due to my solid digital presence, efficient risk management, and diversified services. LATAM and digital banking Neonbanks are the bridge between traditional banking and digital services. The […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
