Goodbody: Irish banks’ strength here to stay as positive factors combine

John Cronin, analyst at the broker, said while Permanent TSB is not printing double-digit returns yet it “merits a closer look”

Goodbody predict the Irish banks will have double-digit returns over the medium term. Picture: Getty

Market dynamics collided in favour of Irish banks in 2023 and will continue to make the three listed providers attractive to investors over the medium-term, according to new analysis.

A report from John Cronin, banking analyst at Goodbody Stockbrokers, said 2023 was an “exceptional year” for the sector, with AIB and Bank of Ireland reporting double digit returns.

The analyst said while there will be a “pivot downwards” following the lofty heights of 2023, this ...