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Bank of Ireland (IRE) Continues Tear, Topping Three-Year High

  +Follow January 13, 2014 10:45AM
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Coming off a robust 2013 that saw them become the biggest large-cap Financial gainer of 2013, The Governor and Company of the Bank of Ireland (IRE) notched a nearly five percent gain on Jan 13, continuing a rapid march upwards that began last summer. In the last six months, Ireland’s largest bank has nearly doubled in value.

The Bank of Ireland was nearly obliterated in the 2008 crash, with shares losing almost 99 percent of their value in less than two years. A government bailout saved the company from insolvency, but shares had languished until mid-2013.

Since that time, analysts have been effusive in their praise of the bank. Eamonn Hughes of Goodbody noted Bank of Ireland is profitable for the first time since the collapse, and sporting a high asset quality while selling of an oversubscribed 10-year-bond. Comments like Hughes' stands in stark contrast to analyst consensus in 2012, when both Citi (C) and Deutsche Bank (DB) hit the Bank of Ireland with a "sell" rating.

This is an about turn for a financial institution that saw astounding returns for over a decade before collapsing. Bank of Ireland first began sporting massive returns during Ireland’s “Celtic Tiger” economic turnaround, and doubled every four years during the global boom of the early 2000s, nearly touching $900 a share in Feb. 2007. By Mar 2009 those shares were worth around $12 apiece.

A reverse split in 2011 did little to spur the company, but the final shedding of toxic assets, coupled with a general recovery of the global economy, has energized the financial play. Bank of Ireland was not only the best-performing large Financial play of 2013, but so far is the biggest gainer in 2014 as well.

On Jan 13 Bank of Ireland rose 4.62 percent by midday trading to hit $18.11 a share. Shares are up 99.5 percent from six months ago.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for IRE
 pls niall 3
30 Jul 15 14:52:53
@sebsgrande Todd Carey $ire New motion band acc Cris cab Jacob and joddy whitside Pascal Obispo Eminiki official Katy Tomlinson
WealthEsteem.Org
30 Jul 15 06:47:07
$IRE:ASX 04:10 PM Change in substantial holding http://t.co/GdNREdiYx7
ProTradersNews
30 Jul 15 06:35:02
$IRE: New SEC Filing for IRE: Form 6-K (No. 0001191638-15-000970): http://t.co/15cbDSNhLs
Latest SEC Filings
30 Jul 15 06:34:03
NEW SEC Filing for $IRE filed a moment ago: http://t.co/gPYD21SQyF http://t.co/R17n3G3Q9Q
ProVesting
29 Jul 15 10:42:56
$IRE: New SEC Filing for IRE: Form 6-K (No. 0001191638-15-000959): http://t.co/JRgkIIlgMn
SEC Filings Reporter
29 Jul 15 10:39:26
NEW SEC Filing for $IRE filed a moment ago: http://t.co/fkGQ0oirhG http://t.co/PmZh8xaxGP
DailyStockPicks
28 Jul 15 07:22:19
$OCLS cheap health care stock. Price target of $5. 200%+ upside $HAIN $GPC $YPF $ENLC $MWW $IRE investors read http://t.co/rWpJvFEbwZ
Penny Stock Secret
28 Jul 15 03:29:27
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/SVqoMkrw2z .. $IRC-A $IRE $IRE-B
ViExtreme
25 Jul 15 10:50:22
@SireOfficial Got your DM $iRE, appreciate that and will let the artist know as that's straight off his channel from liking the video.
JM 》》》》
25 Jul 15 05:18:57
RT @YoungMusicGod: NEW VIDEO LIVE NOW: J.Kord Feat. $ire - Turn Me Up (Beat by Ruben Ocean) http://t.co/LPShyI6QHP
StockNewsWires
25 Jul 15 04:13:04
$IRE: Bank of Ireland Raised to Buy at Nomura (IRE): http://t.co/uI5tseiKF4
The Legacy News
25 Jul 15 04:12:42
Bank of Ireland Raised to Buy at Nomura $IRE http://t.co/UTJOuu4gsm
Dakota Financial
24 Jul 15 12:09:13
Nomura Upgrades Bank of Ireland to “Buy” $IRE http://t.co/qo2zHlEyt0
Not by might!
23 Jul 15 20:00:56
$ire sne, sammy sne, gboye sne, remi sne, trophy sne, life sne, ☺☺ hustle sne, atarodo sne, happniess sne, enemies sne, #TGIFsne #GODsne
Sleek Money
22 Jul 15 20:20:45
Bank of Ireland Upgraded by Nomura to Buy $IRE http://t.co/LoBxZ3m3yP
Karen Jawnson
22 Jul 15 15:18:37
RT @SavSire: Incline (Prod. by Thelonious Martin) by $AV $iRE #np on #SoundCloud https://t.co/ZiyKxPUo6W
Connor McGuinness
22 Jul 15 15:14:43
RT @SavSire: Incline (Prod. by Thelonious Martin) by $AV $iRE #np on #SoundCloud https://t.co/ZiyKxPUo6W
Tim Acuña
22 Jul 15 15:10:03
RT @SavSire: Incline (Prod. by Thelonious Martin) by $AV $iRE #np on #SoundCloud https://t.co/ZiyKxPUo6W
Dougie
22 Jul 15 14:58:45
RT @SavSire: Incline (Prod. by Thelonious Martin) by $AV $iRE #np on #SoundCloud https://t.co/ZiyKxPUo6W
Sav, sire.
22 Jul 15 14:58:21
Incline (Prod. by Thelonious Martin) by $AV $iRE #np on #SoundCloud https://t.co/ZiyKxPUo6W
				
				
  +Follow January 13, 2014 10:45AM
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