Banks

Monthly update – government’s latest big idea for the housing market

  • Sectors : Banks
  • Companies : AIB Group | permanent tsb Group | Bank of Ireland

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AIB Group NEUTRAL 03/08/17 Under Review 28/10/16 550c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 764c
permanent tsb Group NEUTRAL 03/08/17 Outperform 03/10/16 216c

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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Feb 9 2018, 08:35 GMT

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