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Jul 19 2019, 07:55 IST/BST
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Bank of Ireland||OUTPERFORM||11/03/13||Neutral||14/08/12||447c|
|Lloyds Banking Group||OUTPERFORM||28/05/19||Neutral||14/02/18||57.4p|
|permanent tsb Group||NEUTRAL||06/03/19||Outperform||01/08/18||123c|
Looking ahead to UK and Irish banks’ interim results – which kick off next week – the focus will be on pressures from the weakening macro and lower rate outlook. This in turn generates scrutiny on banks’ capacity to deliver on, or go deeper with, cost efficiency plans. UK banks have outperformed year-to-date, which is at odds with a weaker UK economy and contrasts with Irish banks’ underperformance despite the continued strong domestic macro.