Why Banco BBVA Argentina Stock Popped 15.5% Today
Shares of Argentine banker Banco BBVA Argentina S.A. (NYSE: BBAR) have taken a pounding, down more than 72% over the past year. Today, however, the stock went up for a change -- and what a change it was: Banco BBVA Argentina S.A. stock closed up 15.5%.
Why the sudden turnaround in sentiment? As Bloomberg reports today, Argentine president-elect Alberto Fernandez "has a plan to grow the economy and tackle the nation's debt as he seeks to renegotiate a record $56 billion credit line with the lender."
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Source Fool.com