Seeking Alpha

Allied Irish Banks, P.L.C. ADR (AIBYY)

AIBYY is defunct.
  • Apr. 11, 2011, 9:59 AM
    Reports this week will show if Bank of Ireland (IRE -6.5%) and Allied Irish Bank (AIB -6.2%) have been able to stop the outflow of deposits now that their capital raising needs are known. Both stocks have had powerful rallies since the release of the stress tests.
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  • Apr. 6, 2011, 5:05 PM
    "It's going to take a while before there's an Irish (bank) bond issue," says one of Ireland's top bank regulators, claiming the banks will remain dependent on central bank funding for years. Investors are betting decent value remains in Bank of Ireland (IRE), bidding the price up 37% in the week since a €5.2B hole was found in its balance sheet.
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  • Apr. 6, 2011, 9:00 AM
    Premarket gainers: IRE +5%. AIB +4%. KGY +4%. AG +3%. PSTI +3%. NBG +3%. BRCM +3%. HBC +3%. OCLR +3%. EXK +3%.
    Losers: AMSC -46%. VHC -3%. ALZM -3%. OPTR -3%.
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  • Apr. 6, 2011, 8:56 AM
    Ireland nixes chatter a cut in the interest rate on its bailout loan may come this week, saying not to expect any action until June. What's left of the Irish banking system continues its powerful run since more government capital injections were announced. IRE +6.1%, AIB +5.1%.
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  • Apr. 5, 2011, 9:00 AM
    Premarket gainers: NSM +71%. CBST +15%. QCOR +14%. RTK +13%. DMND +9%. EXPE +5%. ONNN +5%. VHC +5%. SSN +4%. NVAX +3%. PSTI +3%. GOLD +3%. CIEN +3%. CTRP +3%.
    Losers: LEDS -23%. KBH -9%. KYN -5%. CREE -5%. IRE -6%. PSEC -5%. TGP -5%. AVL -3%. AIB -3%. HMC -3%.
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  • Apr. 4, 2011, 8:25 AM
    Last week's stress tests should stabilize Ireland's banking system and "allow the economic turnaround already underway to boost investor confidence," Morgan Stanley says in a note titled Ireland - Time to Buy. While Ireland still faces major challenges, "if there is one economy in the euro area that could meet these challenges, it is probably the Irish economy," firm says. AIB +9% premarket. IRE +7%.
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  • Apr. 1, 2011, 1:24 PM
    Equities markets hit session highs (and bull-market highs) around noon - and have been drifting slowly lower since - but notable among the otherwise broad strength is financials' turnaround from earlier in the week: up more than 1% today and paced by moves up in Irish banks (AIB +17.1%; IRE +21.7%) and deal-happy exchanges (NYX +12.1%; NDAQ +8%).
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  • Apr. 1, 2011, 10:13 AM
    "Taking all of the losses of the banking system and putting them on the balance sheet of the government doesn’t make sense," says Nouriel Roubini, following Ireland's bow to the EU and ECB. With Irish banks completely dependent on the ECB for funding, the government had no choice, says economist Dermot O'Leary.
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  • Apr. 1, 2011, 9:02 AM
    Premarket gainers: AIB +20%. NYX +11%. SRX +10%. OPTR +8%. GLNG +6%. CIGX +6%. HERO +4%. BCS +3%. LVS +3%. MCZ +3%. LYG +3%. MPEL +3%. SD +3%.
    Losers: LOGI -18%. AVII -18%. ODP -14%. KKD -11%. XRTX -8%. FUR -7%. AVNR -3%. PEB -3%. CLNY -3%. GPN -3%. GPL -3%.
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  • Apr. 1, 2011, 7:24 AM
    Irish banking shares swing wildly after the release of stress tests results. Bank of Ireland (IRE) shares +36.9% in Dublin on hopes it can raise enough privately to keep the government from owning a controlling stake. Premarket: Allied Irish Bank (AIB) +20%.
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  • Mar. 31, 2011, 2:09 PM
    After being halted all day pending the Irish stress test and bank reorganization announcements, shares in Allied Irish Bank (AIB -9.0%) begin trading again, and fall sharply. Bank of Ireland (IRE) has yet to reopen.
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  • Mar. 31, 2011, 12:16 PM
    Irish Finance Minister Noonan speaking before Parliament and rebutted by previous Finance Minister Lenihan who worries these stress tests will be no more reliable than last year's failed exams.
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  • Mar. 31, 2011, 11:42 AM
    Breaking: Stress tests reveal Irish banks need €24B in capital to protect against future losses according to Central Bank Gov. Honohan.  All Irish banking shares still suspended from trading.
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  • Mar. 31, 2011, 7:32 AM
    Ireland suspends trading in shares of its banks ahead of today's announcement it will need to pump an additional €20B into the lenders, effectively nationalizing the entire sector. What to watch for: whether the government orders haircuts for senior bank bondholders.
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  • Mar. 28, 2011, 7:25 AM
    Ireland's Agriculture Minister Simon Coveney says haircuts for senior bank bondholders must be a part of any bailout renegotiation. Though possibly more negotiating tactic than policy statement, Irish banks take a hit on the news. Premarket: IRE -5.9%.
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  • Mar. 25, 2011, 8:02 AM
    Ireland may have to exhaust 80% of its rescue fund injecting capital into its banks following stress tests, according to a survey of analysts. "The numbers from the stress tests, if anything, are going to be too pessimistic," in order to be credible. Premarket: IRE +2.2%, AIB +3.9%.
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Company Description
Currently, there's no company description for AIBYY.
Sector: Financial
Country: Ireland