Bank shares rally may be short-lived
It would be unwise to get too carried away in thinking that the Nama discount has helped the banks put their worst days behind them
Maybe this time it’s different. Investors who delighted in last week’s rally in AIB and Bank of Ireland shares, following the announcement of the National Asset Management Agency (Nama) discount, would do well to remember the last time - exactly 12 months ago - that a major intervention by the Irish government had sent their share prices soaring.
Last Thursday, as the markets digested the Nama details, AIB shares added 32 per...
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