|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||3.1400 - 3.1800|
|52-week range||1.4100 - 5.8900|
|Beta (5Y monthly)||1.87|
|PE ratio (TTM)||4.37|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||07 May 2020|
|1y target est||N/A|
Bank of Ireland's shares rose by 10% on Wednesday as some signs of recovery from the coronavirus crisis outweighed a first-half pre-tax loss of 669 million euros ($790 million). Ireland's largest bank by assets put aside 937 million euros mainly to cover likely losses from 105,000 loan repayment breaks for customers hit by the crisis, making up the bulk of a "prudent" 1.1-1.3 billion euro charge expected during 2020. "We're cautiously optimistic that we're beginning to see green shoots," Chief Financial Officer Myles O'Grady told Reuters by telephone, pointing to a 25% year-on-year jump in Irish mortgage applications in July and a 6% month-on-month rise in business loan volumes.
Ireland's Central Bank fined the country's largest lender, Bank of Ireland, 1.7 million euros (1.5 million pounds) on Tuesday for regulatory breaches that caused loss to a client at its private banking arm and also for misleading the regulator. The probe arose from a cyber-fraud incident in 2014 where, acting on instructions from a fraudster impersonating a client, Bank of Ireland Private Banking made two payments to a third party account totalling 106,430 euros, the central bank said. While the client was immediately reimbursed, the fraud was only reported to police at the request of the central bank over a year later.
Contrarian value investors are always on the look-out for shares that the market has overlooked. In times of economic uncertainty - when stock prices become er...