AIB Group

Acquires Goodbody Stockbrokers

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 195c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18

    NEUTRAL

DAVY VIEW

The acquisition of Goodbody Stockbrokers was well flagged and executes against AIB’s strategy to inorganically grow its presence in wealth management and capital markets. While the financial impact will initially be modest, the transaction helps AIB build out its presence and capability, particularly in wealth management, and comes at a good time given the prevailing savings and liquidity glut.

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Mar 2 2021, 16:50 GMT

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