Davy Research

Banks

Monthly update – government’s latest big idea for the housing market
Banks
AIB Group | permanent tsb Group | Bank of Ireland

DAVY VIEW

The government’s intervention in the mortgage market with an affordable mortgage scheme has dominated investor attention of late. We do not believe this represents a significant threat to competition and expect the scheme to remain a niche offering. The bigger picture is one of a government willing to do whatever it takes to support the housing market, underpinning our confidence in the continued growth in new mortgage lending.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • AIB Group

    Closing Price: 550c

  • RATING 03/08/17

  • PREVIOUS RATING 28/10/16

    Under Review

  • Bank of Ireland

    Closing Price: 764c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    Neutral

  • permanent tsb Group

    Closing Price: 216c

  • RATING 03/08/17

  • PREVIOUS RATING 03/10/16

    Outperform

Analyst(S)

Banks

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