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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
SIAnalystWire
2 Mar 15 09:12:53
Moody's Lifts Outlook on Irish Banking System to Stable $IRE http://t.co/myvu5JIYUm
The Fly
2 Mar 15 07:01:00
On The Fly: Analyst Downgrade Summary $AEG $AKAO $AHT $ATW $IRE $BLK $CNNX $CAIXY $CLD $CNV $CLB $CBRL $CR $DD... http://t.co/u6jf9U2kWV
Clark Joseph Kent
2 Mar 15 06:27:46
Top Analyst Upgrades/Downgrades $ALK $IRE $BLK $CR $CTL $DLR $IBM $ISIS $JCP $LH $NAVI $DGX $SBAC $SB $TEF $URI $W http://t.co/gK7a8htH33
Jon Ogg
2 Mar 15 06:16:42
Monday's Top Analyst Upgrades & Downgrades Part 2 $ALK $IRE $BLK $CR $CTL $DLR $IBM http://t.co/1TBHVIi9tb
Breaking News
2 Mar 15 05:46:05
$ALK $IRE: Top Analyst Upgrades and Downgrades: CenturyLink, IBM, Isis, JC ...: http://t.co/8yWy3BbXkq
InterCooler
2 Mar 15 04:33:35
Deutsche Bank Lowers Bank of Ireland to Hold $IRE http://t.co/yeGvZKJr16
Penny Stock Secret
2 Mar 15 02:55:36
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $IRC-A $IRE $IRE-B
chartguy89
1 Mar 15 05:07:11
IRE -1.12% Stock Charts $IRE IRESS Ltd. (ASX) Last Updated: 03/01/2015 07:07:11 IRE Stock Chart - 1 Month http http://t.co/041YQmG2jz
4-traders.com
28 Feb 15 22:46:51
#IRESS LTD : FY 2014 Earnings Call http://t.co/6Q8GuFZSZJ $IRE
gordon gekko is god
28 Feb 15 15:44:59
Bank of Ireland's (IRE) CEO Richie Boucher on Q4 2014 Results - Earnings Call Transcript http://t.co/mCnRnaJP4F $IRE
Jenn
27 Feb 15 12:36:48
RT @KayExclusive_: #Watch J.Kord - God Damn Ft. $ire http://t.co/j0TbbAARtF @YoungMusicGod @SireOfficial
Jack Sheehan
27 Feb 15 08:13:24
Bank of Ireland's (IRE) CEO Richie Boucher on Q4 2014 Results - Earnings Call Transcript $IRE http://t.co/drSgUPlr0E
ProVesting
27 Feb 15 07:10:02
$IRE: New SEC Filing for IRE: Form 6-K (No. 0001191638-15-000243): http://t.co/n4gMtpI82z
SEC Filings Reporter
27 Feb 15 07:09:06
NEW SEC Filing for $IRE filed a moment ago: http://t.co/P5LDhyep1c http://t.co/VjDpSlR8Lh
Breaking News
27 Feb 15 06:25:13
$IRE The Governor and Company of the Bank of Ireland (the “Group”) http://t.co/5pj4aKXZPh
alpe pinnazzo
27 Feb 15 03:06:36
Irish Retail Sales Volume (MoM) Jan: 3.30% (rev prev 0.70%) $IRE
Allan Parot Music
26 Feb 15 19:18:09
RT @PaperCliqueMGMT: J.Kord - God Damn Ft. $ire 🔥🔥😍🍑 (Produced by Ruben) http://t.co/ejJUyK3CpB via @youtube
Cami
26 Feb 15 19:01:46
$IRE me sigue *-*
Chucky
24 Feb 15 22:53:42
RT @CommSec: Biggest declines on the ASX200 today: $WOR dn 12.2%, $PGH dn 9.6%, $IRE dn 5.7%, $AWE dn 4.8%, $WPL dn 4.2% #ausbiz ^SD
Ric
24 Feb 15 21:59:19
RT @CommSec: Biggest declines on the ASX200 today: $WOR dn 12.2%, $PGH dn 9.6%, $IRE dn 5.7%, $AWE dn 4.8%, $WPL dn 4.2% #ausbiz ^SD
CommSec
24 Feb 15 21:18:34
Biggest declines on the ASX200 today: $WOR dn 12.2%, $PGH dn 9.6%, $IRE dn 5.7%, $AWE dn 4.8%, $WPL dn 4.2% #ausbiz ^SD
The Motley Fool Aust
24 Feb 15 20:54:33
Investors mark down software provider Iress $IRE -7.1% as full year results don't meet lofty expectations #ausbiz http://t.co/LuMblB3Yms
BBY Limited
24 Feb 15 19:55:55
On the other side of the ledger, the main drags on the #ASX today are: $WOR -13.27%, $PGH -10.24%, $IRE -7.99%, $MSB -7.33%. #ausbiz
CommSec
24 Feb 15 19:07:20
Biggest declines on the ASX200 today: $WOR dn 14.2%, $PGH dn 10.6%, $MSB dn 8.4%, $IRE dn 7.1%, $MMS dn 5.9% #ausbiz ^TP
CommSec
24 Feb 15 19:07:19
Biggest declines on the ASX200 today: $WOR dn 14.2%, $PGH dn 10.6%, $MSB dn 8.4%, $IRE dn 7.1%, $MMS dn 5.9% #ausbiz ^SD
HAPPY BDAY MY ANGEL
24 Feb 15 17:44:41
RT @albreean: #Watch J.Kord - God Damn Ft. $ire http://t.co/RWSVMxtCMp @YoungMusicGod
HAPPY BDAY MY ANGEL
24 Feb 15 17:44:33
RT @KayExclusive_: #Watch J.Kord - God Damn Ft. $ire http://t.co/j0TbbAARtF @YoungMusicGod @SireOfficial
dre
24 Feb 15 13:58:31
RT @CommSec: $IRE Iress reports net profit after tax of $50.671m for year to December, up from $24.241m a year ago.^CJ #ozearnings
Forex News & Tips
24 Feb 15 13:54:48
RT @CommSec: $IRE Iress reports net profit after tax of $50.671m for year to December, up from $24.241m a year ago.^CJ #ozearnings
CommSec
24 Feb 15 13:46:06
$IRE Iress reports net profit after tax of $50.671m for year to December, up from $24.241m a year ago.^CJ #ozearnings
read my bio
24 Feb 15 13:41:28
RT @KayExclusive_: #Watch J.Kord - God Damn Ft. $ire http://t.co/j0TbbAARtF @YoungMusicGod @SireOfficial
READ BIO OR UNF ♥
24 Feb 15 13:41:27
RT @KayExclusive_: #Watch J.Kord - God Damn Ft. $ire http://t.co/j0TbbAARtF @YoungMusicGod @SireOfficial
read bio4 50 frees
24 Feb 15 13:39:29
RT @KayExclusive_: #Watch J.Kord - God Damn Ft. $ire http://t.co/j0TbbAARtF @YoungMusicGod @SireOfficial
saved
24 Feb 15 13:39:28
RT @KayExclusive_: #Watch J.Kord - God Damn Ft. $ire http://t.co/j0TbbAARtF @YoungMusicGod @SireOfficial
☾HBD KING ILYSFM♥
24 Feb 15 13:39:11
RT @KayExclusive_: #Watch J.Kord - God Damn Ft. $ire http://t.co/j0TbbAARtF @YoungMusicGod @SireOfficial
Summy Gonzalez
24 Feb 15 13:15:24
@SireOfficial Thank u $ire for your follow ! I dont know what yo say haha. Ok thank u ! ;) http://t.co/MBRgU2gyih
Summy Gonzalez
24 Feb 15 13:15:11
@SireOfficial omg thank u $ire ! I font know what yo say but thank u haha http://t.co/GcDII6p7ch
Let
24 Feb 15 13:07:41
Obrigadaaaaa @PfollowJBHelp pelo follow do Jus, da Dominique e do $iRE 😍😍😍👏👏👏
Let
24 Feb 15 13:07:10
Dominique B e $iRE me seguiram 😍😍😍
Assis Video
24 Feb 15 10:15:19
Gostei de um vídeo @YouTube http://t.co/0hUjEAvIrg - I Got B*tches Ft. Ruben Ocean & $ire
macro tool
24 Feb 15 08:58:01
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
Mark Melin
24 Feb 15 05:00:31
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
Penny Stock Secret
24 Feb 15 03:39:42
This Guy Turned $100 Into Over $10,000 In Just 30 Days!!! http://t.co/NovWYe2RAx .. $IRC-A $IRE $IRE-B
Andrew Mudie
24 Feb 15 02:30:07
Iress Ltd reports tomorrow: Will it surge higher? | Motley Fool Australia http://t.co/iHOD4tx5jh #ASX #ausbiz #reporting $IRE #stocks
The Money Enigma
23 Feb 15 23:17:50
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
Gaurav Jalan
23 Feb 15 22:49:00
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
Peter Recson
23 Feb 15 20:25:49
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
Jacob Wolinsky
23 Feb 15 20:22:35
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
David Bergin
23 Feb 15 15:52:52
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
Alessandro Savelli
23 Feb 15 15:33:19
RT @valuewalk: Crispin Odey "There Is Really No Place To Hide" http://t.co/Os7Ek6gyRu $MACRO $FED $GLD $IRE $TUP $$ @MarkMelin http://t.co/…
				
				
  +Follow January 13, 2014 10:45AM
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