Download full report with analyst certification and important disclosures
Oct 24 2024, 07:08 IST/BST
Banks
Q3 previews
- 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 | 491c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 891c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 155c |
DAVY VIEW
We expect a continuation of positive trends in lending and deposit growth, capital generation and strong capital positions to be evident in Q3 updates. Significant focus will be on trends in net interest income given current rate expectations; however, it is likely too early to see trends develop. We believe the recent de-rating is overdone, with attractive dividend yield in particular supportive at current levels.
