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Investing

What Saving Ireland Looks Like (AIB, IRE, IRL, NBG)

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By Jon C. Ogg Updated Published

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Want to see just how much the saving of Ireland added to the key ADRs today? Look no further than Allied Irish Banks plc (NYSE: AIB), The Bank of Ireland (NYSE: IRE), and The New Ireland Fund, Inc. (NYSE: IRL):

  • AIB $1.29  Up $0.21  (+19.44%)
  • IRE $2.85  Up $0.69  (+31.94%)
  • IRL $6.75  Up $0.27  (4.23%)

We heard late in the morning that Ireland’s sovereign bond spreads came in by as much as 300 basis points.  Not bad, not bad at all.
National Bank of Greece SA (NBG) is far from “Irish” but it is deemed as a secondary or tertiary winner as well.  If you’ll save one, you’ll save another.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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