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May 6 2020, 06:30 IST/BST
Banks
Quarterly updates in time of coronavirus
- Sectors : Banks
- Companies : permanent tsb Group | AIB Group | Bank of Ireland
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 | 116c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 173c |
| permanent tsb Group | NEUTRAL | 06/03/19 | Outperform | 01/08/18 | 50.8c |
DAVY VIEW
Q1 trading updates will be set against the backdrop of unprecedented uncertainties and extraordinary supports from governments and regulatory authorities. The longer-term impact of COVID-19 will be determined by the timelines over which business activity and employment levels begin to recover. Q1 updates will not answer these questions; rather, they will contextualise the respective starting positions from loan book and capital perspectives.
