AIB stake in M&T ‘undervalued’

AIB’s investment in M&T, the American bank in which it has a 22.5% stake, is significantly undervalued by the market and not reflected in the AIB share price, according to Davy Stockbrokers.

AIB’s stake in the bank is valued at approximately $2 billion

(1.6 billion) and accounts for almost one-sixth of AIB’s total market capitalisation.