- Bank Leumi’s net income for Q2 is 2.27 billion shekels, down 7.5% compared to 2.45 billion shekels last year.
- The bank reported net interest income of 4.38 billion shekels, a 2.2% increase from the previous year.
- There was a recovery of loan losses amounting to 18 million shekels, in contrast to the provision of 318 million shekels the previous year.
- Analyst recommendations include 6 buys, with no holds or sells.
A look at Bank Leumi Le-Israel 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 Leumi Le-Israel BM is positioned for a positive long-term outlook, as indicated by its Smartkarma Smart Scores. With strong scores across key factors such as Value, Dividend, Growth, and Momentum, the company demonstrates a robust overall performance. Additionally, Bank Leumi’s high Resilience score highlights its ability to weather market challenges effectively, further solidifying its standing in the industry.
Bank Leumi Le-Israel BM, a leading financial institution in Israel, attracts deposits and provides a wide range of banking and financial services. From consumer loans to insurance and merchant banking services, the company offers a comprehensive suite of financial products. Notably, Bank Leumi also holds significant equity interests in various non-financial corporations within the Israeli market, showcasing its diversified business approach and strategic investments.
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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