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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.


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Results for IRE
Stock Moo
24 Oct 14 08:36:45
$ire: Notification of Significant Shareholding [pdf] http://t.co/DLKhXTxlsn
wininstocks2014
24 Oct 14 05:55:27
IRE 15.91 Stock Charts $IRE Governor & Co. of the Bank of Ireland ADS (NYSE) Last Updated: 10/24/2014 07:55:28 http://t.co/6lmh6nGl5W
BLUESPIDER
23 Oct 14 06:56:19
$IRE HoD on chatter co has passed the ECB Stress Test; it appears that there will be leaks on pass/fail over the next two sessions
Owl GOD
23 Oct 14 06:18:51
RT @ferrari_428: J.Kord - I Got B*tches Ft. Ruben & $ire @YoungMusicGod - "I GOT BITCHES " Ft. @RubenxOcean & @SireOfficial http://t.co/lC…
wininstocks2014
23 Oct 14 03:35:39
IRE 15.61 Stock Charts $IRE Governor & Co. of the Bank of Ireland ADS (NYSE) Last Updated: 10/23/2014 05:35:38 http://t.co/6rVlbolNNi
Cris - R
22 Oct 14 18:34:31
Me ha gustado un vídeo de @YouTube (http://t.co/THbDcBYBJC - J.Kord - I Got B*tches Ft. Ruben & $ire).
Kurza_w_aJorda_
22 Oct 14 16:43:22
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
WWaldackCarmine
22 Oct 14 16:22:55
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
CCarmencitaVala
22 Oct 14 16:21:20
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
bCresscinRobert
22 Oct 14 16:21:11
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
NNationsSussman
22 Oct 14 16:20:05
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
CCaplanChloo
22 Oct 14 16:16:48
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MorB_uc_hal_ter
22 Oct 14 16:12:43
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
JJenelleRavidd
22 Oct 14 16:11:56
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
MostSellers4840
22 Oct 14 16:10:35
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
W_eis_sDaub
22 Oct 14 16:09:58
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
Pierp_on_tJolie
22 Oct 14 16:07:06
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
MadellaShirley5
22 Oct 14 16:07:01
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
BBernieYaell
22 Oct 14 16:06:57
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
CCarenaFrodinn
22 Oct 14 15:56:55
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
KKathieGreenste
22 Oct 14 15:55:48
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Beec_kMa_ddie
22 Oct 14 15:51:19
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Wa_r_fore_Shirl
22 Oct 14 15:50:47
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LangeloKenway23
22 Oct 14 15:49:19
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Greers__onAurit
22 Oct 14 15:47:17
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
jDotsnnellSugar
22 Oct 14 15:42:55
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
gPshilxbinEmmer
22 Oct 14 15:41:42
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
DDulcleJanssonn
22 Oct 14 15:37:33
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
WWunderColville
22 Oct 14 15:37:18
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
CynarHalland175
22 Oct 14 15:35:33
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BurkhartBagley7
22 Oct 14 15:33:26
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
bxCassellaTrava
22 Oct 14 15:21:15
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
DaberagthPengel
22 Oct 14 15:19:03
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
SgolbergBeaufor
22 Oct 14 15:14:01
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
JJockoMariskaa
22 Oct 14 14:58:17
RT @__Eiren_aRayner: ☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $i…
__Eiren_aRayner
22 Oct 14 14:52:22
☯Gain Followers ☯RT This ☯MUST FOLLOW ME I FOLLOW BACK ☯Follow everyone who rts ☯Gain #myfirsttweet, #gameinsight $ire
Reddit HipHopHeads
21 Oct 14 23:41:44
$kinni-Mane Pat & Yung $ire - Da Demotape Ye, SWMS! http://t.co/F2v9476hwK
Vizimi Stocks
21 Oct 14 19:59:15
Tuesday 10/21 News: $IRE closed up 3+% for the 3rd day in a row for the first time since January 2013 #NYSE #stocks
johng.
21 Oct 14 08:55:33
@GdaytoYou $IRE is doing very well. 4
Jaimito Opina TV
20 Oct 14 20:32:29
Me ha gustado un vídeo de @YouTube (http://t.co/VVTbuv474R - J.Kord - I Got B*tches Ft. Ruben & $ire).
Rich
19 Oct 14 19:29:09
RT @SireOfficial: 💃"Bitches dancing on top of Bitches" J.Kord x Ruben x $ire http://t.co/ijGuak2eem
KayExclusive
17 Oct 14 08:23:14
RT @ferrari_428: J.Kord - I Got B*tches Ft. Ruben & $ire @YoungMusicGod - "I GOT BITCHES " Ft. @RubenxOcean & @SireOfficial http://t.co/lC…
Paper Clique Music
16 Oct 14 19:38:15
RT @ferrari_428: J.Kord - I Got B*tches Ft. Ruben & $ire @YoungMusicGod - "I GOT BITCHES " Ft. @RubenxOcean & @SireOfficial http://t.co/lC…
Rich
16 Oct 14 19:03:08
J.Kord - I Got B*tches Ft. Ruben & $ire @YoungMusicGod - "I GOT BITCHES " Ft. @RubenxOcean & @SireOfficial http://t.co/lCCfcf74V4
				
				
  +Follow January 13, 2014 10:45AM
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