Billionaire Rob Citrone’s 10 Small-Cap Stock Picks with Huge Upside Potential

5. Grupo Financiero Galicia (NASDAQ:GGAL)

Discovery Capital Management’s Stake: $78.81 million

Number of Hedge Fund Holders: 24

Market Capitalization as of May 8: $7.77 billion

Average Upside Potential as of May 8: 41.18%

Grupo Financiero Galicia (NASDAQ:GGAL) is a financial services holding company that provides various financial products and services to individuals and companies in Argentina. It operates through Bank, Naranja X, Insurance, and Other Businesses segments. It also offers private banking services to high-net-worth individuals and operates a digital investment platform.

In Q4 2024, Banco Galicia, which is a subsidiary of Grupo Financiero Galicia, reported a net income of 527 billion pesos, was was up 311% year-over-year. This performance contributed to the Grupo Financiero Galicia’s overall net income of 574 billion pesos for the quarter, which was 203% higher. For the full year 2024, Banco Galicia drove Grupo Financiero Galicia’s net income to a record 1.6 trillion pesos, which was up 121%.

Banco Galicia’s growth is evidenced by the increase in peso-denominated loans to the private sector, which surged by 228.8% year-over-year. While the net interest income for the Grupo Financiero Galicia decreased by 56%, Banco Galicia benefited from a 10% increase in net fee income from December 2023 and a 234% increase in net income from financial instruments due to higher results from government securities.