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Jul 22 2022, 07:10 IST/BST
permanent tsb Group
Interest rate forecast upgrade and H1 preview
- Sectors : Banks
- Companies : permanent tsb Group
DAVY VIEW
Permanent tsb Group (PTSB) kicks off Irish banks’ H1 reporting season on July 27th. H1 2022 is an important staging post ahead of the prospective closing of its transformational acquisition. Increases to ECB interest rates also provide further important tailwinds and assist on the journey to sustainable returns. Ahead of results, we upgrade earnings and increase our price target to €3.28.
