What caused GGAL's EPS surge in Q2 2022?

GGAL's EPS surged in Q2 2022 due to a significant increase in net income, which exceeded the impact of dividends on preferred stock, resulting in a higher EPS value. Here's a breakdown of the key factors:

1. **Net Income Growth**: GGAL experienced a substantial rise in net income, which is the key driver of EPS. This growth could be attributed to improved operational efficiency, market conditions, or strategic initiatives.
2. **Dividends on Preferred Stock**: GGAL paid dividends on preferred stock, which is a component of EPS. However, the net income growth likely overshadowed this effect, leading to an overall increase in EPS.
3. **Average Outstanding Shares**: The average outstanding shares remained stable, which means the increase in EPS is not solely due to a decrease in shares outstanding. This stability suggests a solid business foundation and investor confidence.

In summary, GGAL's EPS surge in Q2 2022 was primarily driven by a robust increase in net income, which surpassed the impact of dividends on preferred stock, resulting in a higher EPS value.