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

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