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Allied Irish Banks (AIB) NewsBite - AIB Falls on Regulatory Worries

Oct 28, 2009 (Fresh Brewed Media via COMTEX) --

Company: Allied Irish Banks, P.L.C. (AIB)

Allied Irish Banks (NYSE: AIB) opened at $5.31. So far today, the stock has hit a low of $5.15 and a high of $5.62. AIB is now trading at $5.52, down $0.61 (-9.95%). Over the last 52 weeks the stock has ranged from a low of $.72 to a high of $11.36. Shares of AIB are trading lower today on worries that Ireland's plans to create a "bad bank" could be delayed. Additionally, concerns are growing that European regulators may impose structural changes on banks in return for government aid. This could be a bad sign for AIB. Technical indicators for the stock are neutral and S&P gives AIB a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AIB the stock seems like it could be a candidate for a February out-of-the-money bear-call credit spread above the 7.50 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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Company: Allied Irish Banks, P.L.C. (AIB)


Related terms: bank, government, ireland, nyse, S&P, structural

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