Analysts lift target for Bank Leumi stock to ILS 90.90

Published on 10/16/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income rose 8.50 percent to ILS 2.83 billion. Bank Leumi stock was named in a class action ruling dated September 22, 2026.

Valuation and legal context

Analysts placed fair value at ILS 90.90 on October 15, 2026.
Bank Leumi reported a 16.3 percent return on equity in the second quarter of 2026.
The Central District Court approved a class action on September 22, 2026, covering a period in which Leumi held 50 percent of the relevant balances.

Bank Leumi Le- Israel B.m, IL0006046119, Illustration mit AI erstellt.

Bank Leumi Le-Israel B.M. (ISIN IL0006046119) drew a higher consensus valuation on October 15, 2026, when analysts moved fair value from ILS 88.87 to ILS 90.90, according to Simply Wall St. The bank is also dealing with a class action approved by the Central District Court on September 22, 2026, as Globes reported on October 11, 2026.

Q2 results support the valuation

Bank Leumi reported ILS 2.83 billion in net income for the second quarter of 2026, up 8.50 percent from the second quarter of 2025. Return on equity reached 16.3 percent, while the cost-income ratio stood at 24.7 percent.

The bank's second-quarter credit grew 3.4 percent to ILS 567 billion, and nonperforming loans stood at 0.45 percent. Those figures give the higher valuation a stronger operating backdrop, although the legal case adds a separate risk that could affect future pricing of banking products.

What does the target change mean?

The move from ILS 88.87 to ILS 90.90 represents a 2.29 percent increase in the published fair value. The same update cited revised assumptions for revenue growth, profit margins, the discount rate and the future price-to-earnings multiple.

Three dated developments

On May 19, 2026, Bank Leumi reported ILS 2.3 billion in first-quarter net income. On August 12, 2026, second-quarter net income reached ILS 2.83 billion, alongside an ILS 1.4 billion dividend and buyback allocation. On October 15, 2026, analysts lifted fair value to ILS 90.90 from ILS 88.87, according to Simply Wall St.

Israeli banking risk stays relevant

The court case concerns alleged obligations to pay daily interest on credit balances or inform customers about interest-bearing deposit options. Globes reported that Bank Leumi held 50 percent of the balances involved among the four banks covered by the ruling, while the claimants estimated total potential damage at between ILS 3.62 billion and ILS 5.06 billion.

TASE quote and company profile

The TASE quote for LUMI stood at ILA 7,464.00 at 11:41 a.m. IDT on October 16, 2026. Bank Leumi operates in the Financial Services sector and the regional banking industry, serving households, businesses, corporations and institutional clients through banking, lending, capital markets and wealth management services.