Attractive earnings outlook

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


Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AIB Group OUTPERFORM 23/01/19 Neutral 14/08/18 422c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 958c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 212c


We forecast revenue, earnings and returns resilience in the coming years running contrary to ‘peak earnings’ themes. Strong capital positions and attractive organic capital generation results in further distribution capacity. Not alone are earnings multiple attractive, total distribution (in our view) underwrites the investment. We retain our ‘Outperform’ ratings, seeing significant upside from current valuations.

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Aug 9 2023, 07:30 IST/BST