Bank of Ireland (IRE) Crumbles: Stock Falls by 7.5%

The Governor and Company of the Bank of Ireland (IRE) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for IRE, as the stock is now down 15.5% since Apr 23.

This slump shouldn’t be too much of a surprise to investors, as though Bank of Ireland has seen no negative revision in the past few weeks but its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

IRE currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the foreign banks category may consider better-ranked stocks like Australia & New Zealand Banking Group Limited (ANZBY), Banco do Brasil S.A. (BDORY) and Banco Macro S.A. (BMA). All these stocks carry a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>





BANK IRELAND (IRE): Free Stock Analysis Report


Zacks Investment Research