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Nov 20 2024, 07:01 GMT
Banks
Further mortgage rate cuts; political manifestos
- 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 | 536c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 874c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 156c |
DAVY VIEW
While increases in mortgage rates lagged during the hiking part of the ECB cycle, this is not the case during the current easing phase; albeit we expect rates to stabilise during the latter part of easing cycles. Elsewhere, political manifestos published in advance of the upcoming general election indicate little change in individual party stances towards the banking sector.
