|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.07 - 7.07|
|52 Week Range||5.33 - 8.30|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||8.62|
|Forward Dividend & Yield||0.05 (0.74%)|
|Ex-Dividend Date||May 12, 2022|
|1y Target Est||N/A|
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Thirteen years after pumping in cash to rescue Bank of Ireland, the government has finally exited the country’s largest lender, the first of the three institutions bailed out during the financial crisis to return to private hands. BoI hailed the move as a “milestone” and Paschal Donohoe, the finance minister, said it freed up taxpayers’ cash for “more productive purposes”. “The gradual disposal of the state’s investment in Bank of Ireland into a rising market has been successful in delivering on this objective for our citizens,” he said in a statement.
The CMA said that the survey promotes competition between providers.
Bank of Ireland on Monday posted its biggest annual profit since the global financial crisis more than a decade ago and said it plans to return of 104 million euros ($116 million) to shareholders through dividends and buybacks. Ireland's largest lender by assets swung to an underlying full-year pretax profit of 1.37 billion euros from a 374 million euro loss in 2020 when it set aside 1.1 billion euros to cover possible loan defaults owing to COVID-19 disruption. Finance chief Myles O'Grady told Reuters a 12% rise in income year on yeare and a 4% drop in costs was a strong endorsement of its strategy to cut costs to 1.5 billion euros by the end of next year and deliver a sustainable return on tangible equity (ROTE) above 10%.