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Mar 4 2025, 07:15 GMT
permanent tsb Group
FY 24 results: good momentum in H2
- Sectors : Banks
- Companies : permanent tsb Group
DAVY VIEW
PTSB continues to demonstrate progress towards higher returns, with a notable increase in business activity in H2 2024 evident. 2025 is a year of transition, but the new medium-term guidance provides a picture of higher-than-expected growth and profitability and a target of c.9% return on CET 1, driven by income growth. PTSB’s valuation does not reflect this dynamic or the surplus capital dynamic that is emerging at present.
