Banking

Bank of Ireland on a high, but now analysts wait to see what O’Grady says

Chief executive Myles O’Grady will be facing pressure from investors to increase dividends to shareholders – and will also be looking to cut costs, boost the bank’s green credentials and improve the gender balance of the leadership team

Myles O’Grady took over as the new chief executive of Bank of Ireland late last year. Picture: Naoise Culhane

If you had bought shares in Bank of Ireland at any point in the three last years, the chances are that you’re feeling pretty satisfied about how that investment has performed.

In the last year, shares in BoI have surged more than 50 per cent in value to just under €10, meaning Ireland’s second largest bank is now worth more than €10 billion, its highest valuation in more than a decade.

Riding the wave of ...