A good time to buy bank shares?

From someone is is hundereds of miles from a degree in economics and likes to gamble & dabble a bit in the market.
I was thinking about throwing a few euros in AIB.
Can anyone explain to me what AIB on NYSE is $9.63 (>7eu) which i can buy via my US ameritrade a/c and on ISEQ (eu3.20)...obviously looks like 3:1 or is there another explaination ( i preume they track eachother).
Cheaper fees with the US, thats what made me look it up there.
 
Indeed excellent post by Marc

Probably one of the most educational posts ive ever seen
Keep it up!
 

Go for McDonalds & Ryanair! Cheap and cheerful, their profits will rise and the price/earnings ratio merchants will see to it that they get overvalued throughout the recession.

Bank shares are very low because of the high chance of them being nationalised or, more likely, having to make a rights issue.

To throw in another cliche,

When the shoe shine boy is quoting Warren Buffet, then Warren Buffet if f***ed!
 

3) PEAD http://en.wikipedia.org/wiki/Post_earnings_announcement_drift

4) Momentum http://en.wikipedia.org/wiki/Momentum_(finance))
 
bank shares will underperform for the forseeable future. they are reducing risk and will have govt people on the boards. this will ensure that risky lending wont go on. as much as we hate the way the markets have crashed due to the bad practises by the banks, its these lending practises that also leads to booms. this wont be allowed for a long time again so the banks profits will be reduced for a long time
 
I dont understand when people speak of investing in banks why they are so narrow minded that they only consider Irish banks. If you cant come up with a reason why investing in Irish banks is better than investing in banks with a more global business e.g Citibank etc then shouldnt you go do some homework first ?
 
I dont want to speculate on the Irish Property market but many people believe that property market has crashed , when it in fact has not.

The real crash is yet to come ( dont forget the prices rose 360% in 10 years so 30-40 falls is only the beginning ).

So for that reason and that reason alone, i would not advise anyone to buy into Irish Banking stocks.
 
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