Bank of Ireland Net Loans Collapse, Providing Bank New Opportunities

Bank of Ireland (ADR) (NYSE:IRE) (LON:BKIR) has practically become the poster child for how to recover from a recession, and while the banking sector lagged the recovery a bit, Bank of Ireland is currently up 63% over the last 52-weeks, and that’s after falling from a high of €0.38 at the end of February to €0.275 today. With a PE of 33.2 on 2014 forward earnings and a 1.4 price-to-book ratio, the question is whether the price still has room to rise.