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

  +Follow January 13, 2014 10:45AM
Tickers Mentioned:

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
1 Feb 15 00:26:09
@rjayysteel $ire Rosсю aw VA u.👋.
31 Jan 15 12:01:01
Year to Date Portfolio Performance - January 2015 http://t.co/FPW17fvN0F $AVP $CMCM $FXI $IRE $MUX $RLGT
30 Jan 15 19:32:27
Addeed to $CBI today and said goodbye to long time holding $IRE after 2.5 bagger and $TARO after 3 bagger
Jeremy Hayes
30 Jan 15 09:10:44
Bank of Ireland Coverage Initiated at BNP Paribas $IRE http://t.co/uZNG313GWy via @RatingsNetwork
30 Jan 15 07:32:57
Bank of Ireland Research Coverage Started at BNP Paribas $IRE http://t.co/vSxsFCz2sf
Tom Loffman
29 Jan 15 15:19:40
Biggest gainers today large caps: $NOW 7.21% $COH 6.80% $IRE 6.34% $CL 6.00% $APD 5.88% $BA 5.83% $ALXN 5.78% $SWK 5.59% $DB 5.37%
29 Jan 15 15:07:02
Scan results - Stochastic Buy Signal today: $CCRN $IRE $CRS $MCD $CLS $CL $MDC $WSH $BAX $STKL ... http://t.co/d5Hm70es6G
IH News Desk
29 Jan 15 14:39:03
$CMCI E.P.S. Click Here: http://t.co/7AxP1EbLDO Also See: $DYSOF $IRE $CPRT $NLYD ~
29 Jan 15 11:47:20
$FHN Bid Size Click Here: http://t.co/1cBkDg4wjT Also See: $PDOB $IRE $NUXFF $GASNY ~
29 Jan 15 10:36:04
$IRE: Bank Of Ireland To De-list From NYSE In February 2015: http://t.co/s93fTXRaUW
The Legacy News
29 Jan 15 09:42:09
BNP Paribas Initiates Coverage on Bank of Ireland $IRE http://t.co/IReHnUgb8D
29 Jan 15 09:36:58
Annual Lows: $UBNK $TGI $QCOM $VLY $GHL $PTC $CMO $TCB $VMW $TRMK $WTW $RCI $EMR $EDU $IRE http://t.co/Vv2VEnpBuv #stockmarket #analyst
29 Jan 15 08:37:02
Price Declines: $MTOR $CIT $ETH $CACI $RKT $PLT $RCI $TGI $HF $RUBI $PLCE $OMG $IRE $SBNY $COL http://t.co/Vv2VEnpBuv #stock #analyst #dow
Jhober Cervera
29 Jan 15 08:27:01
J.Kord - I Got B-tches Ft. Ruben & $IRE
29 Jan 15 07:49:02
Top stocks bull trade ideas: $MLNX $STM $HAR $VAR $COH $IRE $TSCO $MCD $CSH $APD more http://t.co/9RdQi0aTkA
Large Void Bot
29 Jan 15 07:20:11
Daily Reversal (10:20): $IRE Last: 12.46; pHigh: 12.46; rVol: 3.598; pClose: 11.52; LOD: 12.2800; Perf: 8.2%
29 Jan 15 06:26:31
Pre market top Stocks trade ideas: $ETH $OTEX $ABMD $IRE $FSL $RDWR $ADVS $DBA $TUP $VMW more http://t.co/9RdQi0aTkA
Jared Wesley
29 Jan 15 06:08:33
Fav Long Watches: $MCD, $MLNX, $COH, $HAR, $NOW, $IRE, $AAPL!
Pristine Trading
29 Jan 15 06:00:48
29 Jan 15 04:35:06
$IRE technical alerts: Volume Surge, New 52 Week Low, and Wide Range Bar http://t.co/qDR9hyx4wV
28 Jan 15 21:36:57
Annual Lows: $VMW $TRMK $WTW $RCI $EMR $EDU $IRE $DWA $ZINC $DLB $RY $HBHC $ACTG $NRG $ATI http://t.co/TRx9EnjwT5 #nyse #daytrader #stocks
28 Jan 15 20:37:01
Price Declines: $MTOR $CIT $ETH $CACI $RKT $PLT $RCI $TGI $HF $RUBI $PLCE $OMG $IRE $SBNY $COL http://t.co/Vv2VEnpBuv #finance #stocks #dow
28 Jan 15 15:32:18
Scan results - New 52 Week Low today: $IRE $VMW $CRS $FTK $TRMK $CSH $RYAM $COG $LTXB $SWNC ... http://t.co/0CFryZYsuU
Chuck Paradi$e
28 Jan 15 13:27:39
Chuck Paradi$e aka $IRE bka Skeme #EIE #Shotta #NonFiction #Smile #Collage #MiamiHeat #PinkDolphin… http://t.co/ruGnkIv4Mv
28 Jan 15 12:35:12
Market close top stocks bear trade ideas: $OTEX $IRE $RDWR $STM $VMW $CLS $MBLY $EZPW $GNTX $AOL
28 Jan 15 11:56:03
$IRE: Bank of Ireland Now Covered by Analysts at BNP Paribas (IRE): http://t.co/WfNUl95d3T
Market Trader Daily
28 Jan 15 10:44:26
$IRE 11.60 new low
28 Jan 15 09:30:09
Annual Lows: $VMW $TRMK $WTW $RCI $EMR $EDU $IRE $DWA $ZINC $DLB $RY $HBHC $ACTG $NRG $ATI http://t.co/Vv2VEnpBuv #stocks #daytrader #dow
28 Jan 15 09:17:07
Top stocks bear trade ideas: $OTEX $RDWR $IRE $VMW $GNTX $LXK $EZPW $FTK $NOAH $STM more http://t.co/9RdQi0aTkA
28 Jan 15 08:30:18
Price Declines: $CACI $RKT $PLT $RCI $TGI $HF $RUBI $PLCE $OMG $IRE $SBNY $COL $CMC $EGHT $BGG http://t.co/TRx9EnjwT5 #stocks #stockmarket
Stock Trade Alerts
28 Jan 15 08:14:38
$PPC, $NFLX, $IRE, $SODA Worst Performing Industries For January 28, 2015 - http://t.co/IHsqM72H78 ~ via @AlertTrade
US Banking News
28 Jan 15 07:28:40
Bank of Ireland Coverage Initiated at BNP Paribas $IRE http://t.co/1UA2KD3Tzd
28 Jan 15 07:01:00
@RetroWallSt $IRE ADR will delist which sucks so only play will be bkir
28 Jan 15 06:59:46
RT @RetroWallSt: @BillyTsi $IRE (or $BKIR) is one of my favs. My pops worked with them for many years so a bit bias. We get back near $10 a…
Timothy Collins
28 Jan 15 06:57:51
@BillyTsi $IRE (or $BKIR) is one of my favs. My pops worked with them for many years so a bit bias. We get back near $10 and I'm a buyer
Sleek Money
28 Jan 15 05:50:29
Bank of Ireland Research Coverage Started at BNP Paribas $IRE http://t.co/jZDLBy5vQn
Analyst Ratings
28 Jan 15 05:47:41
Bank of Ireland (ADR) initiated by BNP Paribas at outperform. http://t.co/en9efCVoSq $IRE #IRE
28 Jan 15 05:47:04
RT @Hip_Hop_Log: Check out @YoungMusicGod New Video [ J.Kord - I Got B*tches (Featuring: $ire & Ruben) ] http://t.co/YgM2gQYRSW
28 Jan 15 05:46:05
RT @Hip_Hop_Log: Check out @YoungMusicGod New Video [ J.Kord - I Got B*tches (Featuring: $ire & Ruben) ] http://t.co/YgM2gQYRSW
US Consumer News
28 Jan 15 05:45:53
Bank of Ireland (ADR) initiated by BNP Paribas at outperform. http://t.co/kiRzGKAJ2K $IRE #IRE
Paper Clique Music
28 Jan 15 05:45:49
RT @Hip_Hop_Log: Check out @YoungMusicGod New Video [ J.Kord - I Got B*tches (Featuring: $ire & Ruben) ] http://t.co/YgM2gQYRSW
Jhober Cervera
28 Jan 15 05:44:31
J.Kord - I Got B-tches Ft. Ruben & $ire
Penny Stock Secret
28 Jan 15 02:07:06
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $IRC-A $IRE $IRE-B
27 Jan 15 21:30:11
Annual Lows: $WTW $RCI $EMR $EDU $IRE $DWA $ZINC $DLB $RY $HBHC $ACTG $NRG $ATI $EJ $VECO http://t.co/Vv2VEnpBuv #investing #nyse #dow #spy
Ashley Jessen
27 Jan 15 21:04:05
@Peak_Growth That was a great fightback today. I've been checking out $IRE $SGH $TGA and $PDN. Missed $BXB but great trade.
27 Jan 15 20:30:20
Price Declines: $RKT $PLT $RCI $TGI $HF $RUBI $PLCE $OMG $IRE $SBNY $COL $CMC $EGHT $BGG $APU http://t.co/Vv2VEnpBuv #trader #daytrading
27 Jan 15 18:25:19
$TBSSE Stock Message Board Click Here: http://t.co/oBSeJxO0H9 Also See: $IRE $MLLGF $LRDR $NTT ~
27 Jan 15 15:01:58
Scan results - New 52 Week Low today: $CAT $LXK $EDU $IRE $NUE $EMR $WTW $JOE $DSKY $ZION ... http://t.co/HjNe23Z4jw
Kevin B. Bantz
27 Jan 15 11:44:24
Stock Screener - Charts ta_newlow marketcap http://t.co/p2Ypw67lA9 NEW LOWS $CAT $ZION $IRE $OI http://t.co/p2Ypw67lA9
27 Jan 15 09:30:10
Annual Lows: $RCI $EMR $EDU $IRE $DWA $ZINC $DLB $RY $HBHC $ACTG $NRG $ATI $EJ $VECO $MNI http://t.co/TRx9EnjwT5 #daytrading #stock #trader
  +Follow January 13, 2014 10:45AM



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