- Bank Hapoalim reported a net income of 1.91 billion shekels for the third quarter of 2024.
- This marks a 14% increase in net income compared to the same period last year, which was 1.67 billion shekels.
- Net interest income also rose by 14% year-on-year, reaching 4.58 billion shekels.
- Provision for loan losses decreased significantly by 39%, amounting to 406 million shekels.
- The investment community’s sentiment is positive towards Bank Hapoalim, with 5 buy recommendations, 1 hold, and no sell ratings.
A look at Bank Hapoalim Bm Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank Hapoalim B.M. seems to have a promising long-term outlook based on the Smartkarma Smart Scores. With solid scores in Value, Dividend, Growth, Resilience, and Momentum, the company appears to be well-positioned across various factors. This suggests that Bank Hapoalim B.M. may offer good value for investors, consistent dividend payouts, strong growth potential, resilience in challenging market conditions, and positive momentum in the market.
Bank Hapoalim B.M. is a financial institution that attracts deposits and provides a wide range of banking services to individuals, corporations, and institutions. Operating in Israel, the Americas, and Europe, the bank offers services such as corporate finance, investment advice, securities brokerage, and treasury services. The overall positive Smart Scores indicate that Bank Hapoalim B.M. could be a stable and growth-oriented investment option for those looking at the long-term prospects of the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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