Mizrahi Tefahot reports legal request: target for Mizrahi Tefahot stock hits ILS 267.81

Published on 10/08/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter profit reached ILS 1.428 billion, up from ILS 1.238 billion. Mizrahi Tefahot stock is valued at ILA 58.1 billion on October 8, 2026.

Mizrahi Tefahot Bank, IL0006954379, Illustration mit AI erstellt.

Mizrahi Tefahot Bank (ISIN IL0006954379) reported a legal document request dated September 27, 2026, while its latest quarterly net income reached ILS 1.428 billion, up from ILS 1.238 billion in the first quarter. The bank's fair value reached ILS 267.81 on September 16, 2026, according to Simply Wall St.

Legal request adds a new risk

According to TASE on September 27, 2026, Mizrahi Tefahot disclosed a request for documents under Section 198A of Israel's Companies Law. The request relates to a class-action proceeding concerning interest on positive balances in customers' checking accounts.

The filing refers to a September 22, 2026 court decision approving management of a representative action against several banks. It says the document request could help the applicant assess a possible derivative claim, giving the disclosure process a defined legal framework rather than establishing a final liability.

What do the earnings mean?

Investing.com identifies the latest reported quarter as published on August 16, 2026, with net income of ILS 1.428 billion versus ILS 1.238 billion previously. The quarter's reported sales were ILS 3.712 billion versus ILS 3.452 billion previously, so earnings and sales both moved higher on the comparable quarterly measure.

That operating backdrop helps explain the September 16 fair-value update to ILS 267.81. The valuation narrative cited revised assumptions for revenue growth, profit margins and the future price-to-earnings multiple, but the legal filing introduces a separate uncertainty that valuation models do not resolve.

Three dated developments

On August 16, 2026, the latest quarterly report showed ILS 1.428 billion in net income. On September 16, 2026, the fair-value estimate reached ILS 267.81. On September 27, 2026, the bank disclosed the Section 198A document request.

Key dates and market value

The bank's dividend record date was August 24, 2026, and the payment date was August 31, 2026, according to Simply Wall St. Mizrahi Tefahot had a market capitalization of ILA 58.1 billion on October 8, 2026, with a 52-week range of ILA 19,160.00 to ILA 26,070.00.

TA-35 membership keeps context broad

Mizrahi Tefahot was listed among TA-35 constituents with a 4.54426 percent index weight and market capitalization of ILS 62.635 billion in the TASE composition data dated October 1, 2026. For investors, the central contrast is clear: recent quarterly profitability supports the valuation case, while the September legal disclosure adds a specific issue to monitor in future filings.