Sharper falls in European Central Bank interest rates next year will reduce the net interest income bonanza
Days of easy money for banks may be coming to an endBudget was a missed opportunity to simplify Irish corporate tax code and ease burden on business
Diarmaid Sheridan, analyst at Davy — now owned by Bank of Ireland, of course — says the expectation has grown over recent months that interest rates will fall more sharply next year and into 2026. “As a result, we now have a more cautious view on net interest income than previously with below consensus forecasts.
Earnings will dip slightly, with Davy now pencilling in a 4 per cent dip in earnings per share next year at Bank of Ireland and 9 per cent at PTSB. As a result, the broker is trimming its share price target for AIB to €6.10 from €6.20 previously, and to €14.10 from €14.60 for Bank of Ireland. AtThose prices remain well in advance of the €5.035, €9.51 and €1.
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Bank-Of-Ireland Aib Ptsb Davy-Group
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