Banking

Bank of Ireland guidance to be ‘welcomed’ by market but upside for share price limited

Analysts said that the results were not a surprise, although stocks in the lender were already up significantly in the last few months

Goodbody stockbrokers said the results were “robust” and broadly in line with their expectations. Picture: Rolling News/Leah Farrell

Bank of Ireland’s first quarter results are likely to be welcomed by the market but the potential upside for the lender’s share price could be limited, analysts have said.

The lender upped its net interest income guidance on the back of a more favourable rate environment, saying that it now expected NII to be 3 per cent to 4 per cent lower than the last three months of 2023 compared to its original guidance of ...