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Apr 25 2025, 07:10 IST/BST
Banks
Q1: ongoing delivery against global uncertainty
- Sectors : Banks
- Companies : permanent tsb Group | AIB Group | Bank of Ireland
Ratings
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 | 570c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1046c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 160c |
DAVY VIEW
The world has changed (again) since FY 2024 results, yet we expect Irish banks’ underlying performance to remain robust and in line with guidance provided with FY results. Current overnight rate expectations are lower relative to earlier in the year and likely to impact from H2 2025 and into 2026. We do not anticipate any changes to guidance, albeit there is likely to be more caution on outlook given the macro volatility currently being experienced.
