The Worst is Over for Ireland? -- "Maybe" according to Bank of Ireland shares

So you think Ireland, being part of the PIIG countries, is stll in an an economic meltdown? Said who?

 

The shares of The Governor and Company of the Bank of Ireland has been soaring in 2012 so far. Bank of Ireland shares are traded on both the Dublin and New York stock exchanges. Its NYSE-traded shares are up 85.85% so far in 2012 (to 3rd February 2012).

 

Stock prices sometimes serve as a leading indicator to the company's fortunes. And with banking being such a sensitive and important sector to any Western country's economy, is the Euro/ EU Crisis subsiding? Only time would tell.

 

Here's how other European and American banking shares have fared so far in 2012:

 

(All returns in USD $, based on NYSE trading, between 2012-01-03 and 2012-02-03):

 

Bank of Ireland: +85.85% (!!!!!)

Allied Irish Banks +75.00% (!!!!)

National Bank of Greece: +74.24% (!!!!)

Royal Bank of Scotland Group: +42.70%

Bank of America: +41.01%

Lloyds Banking Group: +36.31%

Citigroup: +27.48%

UBS: +24.01%

Credit Suisse Group: +19.08%

Deutsche Bank: +18.83%

HSBC Holdings: +16.38%

JPMorgan Chase & Co.: +15.13%

Banco Santander: +11.97% (Spanish banks not doing so "well.")

Wells Fargo & Co.: +11.14%

Banco Bilbao Vizcaya Argentaria: +10.15% (Spanish banks not doing so "well.")

 

 

A "panic buy" of bank shares, STRANGE HUH????

Done