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Jan 30 2024, 06:50 GMT
Banks
Primed to deliver
- 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 | 399c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 833c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 172c |
DAVY VIEW
Irish banks are primed to deliver across earnings, return on tangible equity (ROTE) and capital distributions in the coming years. Earnings will remain resilient, even as rates fall, supporting ROTE above current management targets.
