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Nov 30 2020, 07:05 GMT
AIB’s end returns target may not change but, understandably, the route to achievement has. The upcoming investor update will provide further details – we expect costs, capital targets and capital returns to be the main focus, while the timeline for achievement may also be extended to 2023 (from 2022). Despite the recent rally, AIB continues to be valued on 2021 earnings – ignoring surplus capital and increases in forecast earnings in 2022 and beyond.
Nov 30 2020, 07:05 GMT