Banks’ investors ‘should take profits’

INVESTORS in AIB and Bank of Ireland should give consideration to taking some profits following the recent price surge in stocks, some analysts believe.

Opportunities to re-invest at a lower price may emerge or funds could be staked on Irish Life and Permanent, Bloxham Stockbrokers head of equity research Kevin McConnell believes.

Mr McConnell acknowledges there is a quandary for investors as a result of the improvement in the AIB and BoI share price, which places them on what the Bloxham brokers said was a deserved premium to their British counterparts.