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Boost for Bank of Ireland as analyst tells its investors to buy its stock

first_img whatsapp Share whatsapp Tuesday 12 October 2010 8:24 pm Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comcenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Boost for Bank of Ireland as analyst tells its investors to buy its stock Spotting a potential gold nugget in the mist of the rubble, Collins Stewart has poked its head above the parapet and put a “buy” recommendation on an Irish bank.It recommended Bank of Ireland through its Quest analysis vehicle, saying it will benefit from the retreat of foreign banks from the market and is the strongest remaining player.Analyst Gary McCarthy said: “We have been negative on the Irish banks for a very long time, but it’s time to be brave. Unpalatable as it may be, it is time to put money to work in this sector even if it feels like the monkeys have inherited the earth. Alone it stands.”Meanwhile, Irish finance minister Brian Lenihan said Ireland would back talks between its nationalised banks and bond holders on a possible renegotiation of their senior debt.He reiterated he was opposed to a default on senior debt but his comments on a possible voluntary renegotiation with investors chime with a similar suggestion from Ireland’s financial regulator last week.Irish voters are angry at the €50bn (£43.6bn) bill they look set to foot to purge Irish banks of soured property loans. However, making bond holders swallow some of the cost would undermine confidence in Ireland and its banks. KCS-content last_img read more