Banking

Analysis: bullish signals and strong fundamentals fail to halt PTSB share price slide

The bank will have to build on its positive financial results and star delivering for investors

Eamonn Crowley: ‘If you’re an equity investor, I appreciate that there’s a one-year game – but there’s also a three-, five- and 10-year story here’. Picture: Fergal Phillips

Eamonn Crowley says he thinks like an investor, as well as a chief executive.

If that’s really the case, then the PTSB boss will have extra reason to feel dismayed this weekend, after the bank’s share price dropped 13 per cent to €1.39 even as it reported its highest underlying profits for more than a decade.

In the last year, shares in PTSB has slumped nearly 50 per cent – a dramatic fall by any ...