AIB Group

Struggling to make sense of sharp one-day move

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 76.8c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18



While sharp negative price action is not particularly unusual in the current environment, and especially for banks, yesterday’s (March 19th) weak relative move seems unjustified. AIB finished the day down 24% — now 83% below its IPO price — but at odds with the European banking sector, which rose 2.7%, buoyed by exceptional ECB action with its €750m Pandemic Emergency Purchase Programme announcement. The movement also contrasts with a 4.4% decline from Bank of Ireland Group and with permanent tsb Group unchanged on the day.

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Mar 20 2020, 08:10 GMT