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Jun 10 2022, 07:10 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||655c|
|permanent tsb Group||OUTPERFORM||04/02/21||Neutral||06/03/19||145c|
While it may be well understood, it is worthwhile repeating — Irish banks are highly levered to rate rises and the pace at which rises are now being forecast will likely result in higher 2022 net interest income (NII) guidance and upside to 2023 forecasts when banks report with H1 2022 at end-July/early August.