Mar 30 2020
Financials
Recent Research
Banks, Priorities in unprecedented times
Mar 25 2020
Irish banks, Weighing up the impact of COVID-19
Mar 19 2020
Hibernia REIT, Caveat venditor
Mar 19 2020
Meet your Financials Research team
Banks
Priorities in unprecedented times
COVID-19 presents material uncertainties and challenges which, from a banking perspective, will take some time to become meaningfully apparent. Priorities have changed and continue to...
Banks
Proactive and supportive approach from Bank of England continues
The initiatives taken in the last few days by the Bank of England (BoE) again demonstrate its proactive approach to supporting UK regulated institutions in navigating the current...
AIB Group
Struggling to make sense of sharp one-day move
While sharp negative price action is not particularly unusual in the current environment, and especially for banks, yesterday’s (March 19th) weak relative move seems unjustified. AIB...
Irish banks
Weighing up the impact of COVID-19
Bank share prices continue to move lower as concern regarding COVID-19 mounts. Unlike the financial crisis, banks aren’t the architects of the current crisis. As such, solvency is much...
Banks
Capital relief provides space to support customers
The reductions in the countercyclical capital buffer (CCyB) will, importantly, create additional headroom, as they are intended to do, while the deferral of the systemic risk buffer...
FBD Holdings
Exceptional 2019 gives way to a more balanced outlook
2019 was an exceptional year, boosted by the three tailwinds of favourable investment markets, prior-year reserve releases and benign weather. Near-term underwriting profits will remain...
Dalata Hotel Group
Balance sheet strength provides support
Dalata’s share price has been heavily impacted by the coronavirus. Investors are now considering the ability of hotel stocks to manage their finances through extreme market conditions....
Hotels
Irish real estate stocks trading below replacement cost
Equity market weakness following the outbreak of COVID-19 means that listed Irish real estate stocks in both the commercial real estate market and the private rental sector (PRS) now...
AIB Group
FY19 profits in line; capital and dividend beat
Profits are in line, along with a significant beat on capital. The intention to ideally look to begin distributing excess capital this year will also be well received. This reaffirms the...
AIB Group
2019 results preview
AIB Group’s FY 2019 results presentation on March 6th is to include new financial targets but, given the uncertain macro-economic specific calendar year, ROTE targets are unlikely....
