Banco BBVA (BBAR) Soars 40.7% Amid Argentine Markets Rally

We recently published 10 Big Names Crushing Wall Street. Banco BBVA Argentina SA (NYSE:BBAR) is one of the top-performing stocks on Monday.

Banco BBVA Argentina SA (NYSE:BBAR) jumped by 40.75 percent on Monday to close at $14.23 apiece, mirroring a sharp rally in the Argentine markets after incumbent president Javier Milei’s landslide victory in the midterm elections.

The victory was primarily attributed to US President Donald Trump’s threat earlier that the US government would pull away if he did not do well in the elections.

The threat followed the Trump administration’s earlier financial bailout that involved the acquisition of a significant chunk of the Argentine peso to help push its value higher and support the ailing economy.

Banco BBVA Argentina SA (NYSE:BBAR) also rallied alongside its US-listed counterparts, Grupo Financiero Galicia SA and Banco Macro SA, following the news.

Founded in 1857, Banco BBVA Argentina SA (NYSE:BBAR) is a global financial institution with operations in more than 25 countries across North and South America, Europe, and the Asia Pacific.

While we acknowledge the potential of BBAR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.