Bank of Ireland (NYSE:IRE) has been downgraded by Goldman Sachs Group, Inc. (NYSE:GS) from ‘Neutral’ to ‘Sell’, owing to the elimination of valuation gaps between the Irish bank and its peers. Pawel Dziedzic and the team at Goldman Sachs Group, Inc. (NYSE:GS) in an equity research report published today anticipate almost zero return potential from the bank as against an over 20 percent return expected from the banking sector. The research report notes Bank of Ireland (NYSE:IRE) has outperformed its European peers by providinga 49 percent return year-to-date. With the valuation gap evaporating, the research team feels the bank’s stock is…
Goldman Sachs Downgrades Bank Of Ireland To ‘Sell’
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports