Friday November 27, 2020

Citi is bearish on Bank of Ireland

Citi, one of the world's top investment banks, has said Bank of Ireland will not return to profit until 2015, and that the bank's stock is overpriced and high-risk.

4th November, 2012

One of the top investment banks in the world has said Bank of Ireland will not return to profit until 2015 and that the bank's stock remained overpriced and high risk.

New research by Citi ahead of Bank of Ireland's interim management statement later this month said the bank's medium-term targets were "too ambitious" and its capital position could become problematic as new rules on reserves came into effect next year.

Citi reiterated its price target...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 10 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago