Download full report with analyst certification and important disclosures
Oct 20 2020, 07:05 IST/BST
Banks
Heightened restrictions for six weeks
- 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 | 92.0c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 183c |
| permanent tsb Group | NEUTRAL | 06/03/19 | Outperform | 01/08/18 | 48.0c |
DAVY VIEW
While the re-introduction of a de facto lockdown will negatively impact income and impairments in Q4, the increased supports announced in conjunction with the lockdown and those already provided in last week’s Budget are helpful in offsetting some of the impacts, as are current capital positions. Nonetheless, the focus for Q3 results will now move to assessing the scale of the impact in not only Q4 but into Q1 next year.
