Ailing Irish (NYSE: AIB)

DUBLIN - Shares of Allied Irish hit 0.34 Euros this morning, as the stock dropped 5.6% in Irish trading. The current U.S. price in the pre-market is $1.01 which is a 6% premium to the price the stock is on the Irish Exchange into U.S. dollars. This premium has existed for over a year and no one is quite sure why shares are cheaper on the Irish exchange.

Allied Irish has a large amount of non-performing loans and other assets which have little value according to the Irish government. The company currently has as many loans as a bank such as PNC Financial the sixth largest bank in the U.S. with 16 times worse credit quality and 1/5 the provisions for future losses.

To see the full AIB report Click Here

Ailing Irish Bank (NYSE: AIB)

New York- Share of Allied Irish Bank declined 0.86% today to finish the day at $1.15. The stock continues to get a premium on the American exchange in terms of market capitalization compared to what the stock trades for on the Irish exchange. The adjusted price from the Irish exchange to the American exchange is $1.12 hinting that the stock has more downside. Allied Irish has continued to encounter problems with the government. Over the last two weeks AIB's management has been dismissed and the government announced it has nationalized the lender.

AIB has 33% of its loans as non performing which is critically high.

To see the full Allied Irish Bank Report Click Here

Where Have You Gone Mr. Blue Sky (NYSE:AIB)

New York- Allied Irish Bank declined 4.03% today and finished the week at $1.19. The stock continues to get a premium on the American exchange in terms of market capitalization compared to what the stock trades for on the Irish exchange. The adjusted price from the Irish exchange to the American exchange is $1.15 hinting that the stock has more downside. Allied Irish has continued to encounter problems with the government. Over the last two weeks AIB's management has been dismissed and the government announced it has nationalized the lender.

AIB has 33% of its loans as non performing which is critically high.

To see the full Allied Irish Bank Report Click Here