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Mar 20 2020, 09:25 GMT
Banks
Proactive and supportive approach from Bank of England continues
- Sectors : Banks
- Companies : Bank of Ireland | Virgin Money UK | permanent tsb Group | RBS | Lloyds Banking Group | AIB Group
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 76.8c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 174c |
| Lloyds Banking Group | OUTPERFORM | 28/05/19 | Neutral | 14/02/18 | 32.4p |
| permanent tsb Group | NEUTRAL | 06/03/19 | Outperform | 01/08/18 | 45.0c |
| RBS | NEUTRAL | 11/02/19 | N/A | N/A | 122p |
| Virgin Money UK | NEUTRAL | 17/12/19 | Underperform | 15/11/19 | 58.0p |
DAVY VIEW
The initiatives taken in the last few days by the Bank of England (BoE) again demonstrate its proactive approach to supporting UK regulated institutions in navigating the current crisis. We keenly await similar guidance from authorities responsible for regulating the Irish banking system.
