BoI profit forecast at 6% rise

BANK of Ireland is expected to report a 6%-plus increase in pre-tax profits to close to €580 million for the six months to the end of September when they release interim figures Thursday.

Davy Stockbrokers, owned by the Bank of Ireland (BoI), said a high single-digit growth figure, as signalled in BoI’s recent trading statement, is a commendable performance at a time of extreme market volatility.

Davy analyst Emer Lang said: “Our interim pre-exceptional profit before tax (PBT) and diluted adjusted earnings per share (EPS) forecasts of 585m (+6.6%) and 48.7c (+8.7%) are consistent with the trading statement.”