Mizrahi Tefahot faces class action affecting Mizrahi Tefahot Bank stock
Published on 10/09/2026 at 14:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- A court accepted a class action involving Mizrahi Tefahot and alleged harm exceeding ILS 15.0 billion for 2022-2025.
- Second-quarter 2026 net income reached ILS 1.428 billion, up from ILS 1.238 billion in the first quarter.
- Mizrahi Tefahot Bank stock was trading at ILA 22,110.00 on October 9, 2026, down 0.67 percent from ILA 22,260.00.
Mizrahi Tefahot faces a class action affecting Mizrahi Tefahot Bank stock after a court accepted claims linked to customer account interest for 2022-2025. NEWSru.co.il reported the development on October 8, 2026, saying the plaintiffs estimate the alleged harm at more than ILS 15.0 billion across four Israeli banks, including Mizrahi Tefahot.
What does the legal action mean?
The court found a reasonable basis to examine allegations that banks failed to pay reasonable interest on positive current-account balances or to move those funds into interest-bearing instruments. The case concerns activity from 2022 through 2025, while the ruling leaves the claims subject to further legal proceedings.
The legal issue centers on the difference between interest earned by banks and interest credited to customers. For Mizrahi Tefahot, the potential exposure is linked to the alleged treatment of current-account balances rather than to the bank's reported second-quarter earnings.
Profit reached ILS 1.428 billion
Mizrahi Tefahot reported net income of ILS 1.428 billion for the second quarter of 2026, compared with ILS 1.238 billion in the first quarter. Revenue increased to ILS 8.047 billion from ILS 7.040 billion over the same periods, according to Investing.com.
The quarter-on-quarter comparison puts the profit increase at 15.35 percent and the revenue increase at 14.30 percent. The figures provide a concrete counterweight to the legal overhang because they show stronger reported earnings and revenue in the latest available quarter.
Three dated developments shape the story
On August 20, 2026, Mizrahi Tefahot declared a dividend of ILS 2.7411906 per share, with payment scheduled for August 31, 2026, according to Simply Wall St. On September 17, 2026, a Tel Aviv court upheld the bank's refusal to receive funds connected to a sanctioned bank, as reported by Shibolet. The October 8, 2026 class-action decision is the latest of the three developments.
Stock trades below prior close
On Tel Aviv, Mizrahi Tefahot Bank stock was trading at ILA 22,110.00 on October 9, 2026 at 1:47 p.m. IDT, down 0.67 percent versus the prior close of ILA 22,260.00. Its 52-week range was ILA 19,160.00 to ILA 26,070.00, while market capitalization stood at ILA 57.5 billion on the same date.
The current price is 15.19 percent below the 52-week high and 15.40 percent above the 52-week low. The legal claim and the latest earnings therefore point to two separate valuation inputs: litigation risk on one side and a 15.35 percent quarterly profit increase on the other.
Mizrahi Tefahot Bank stock facts
- Company: Mizrahi Tefahot Bank Ltd.
- ISIN: IL0006954379
- WKN: 925499
- Ticker: MZTF.TA
- Primary exchange: Tel Aviv Stock Exchange
- Price on Tel Aviv (as of October 9, 2026, 1:47 p.m. IDT): ILA 22,110.00
- Change versus prior close: minus 0.67 percent
- Prior close (October 8, 2026): ILA 22,260.00
- Market capitalization: ILA 57.5 billion (as of October 9, 2026)
- 52-week range: ILA 19,160.00-26,070.00
- Sector / Industry: Financial Services / Regional Banks
- Index membership: TA-35
Market context: Market report TA-35.
