Bank Leumi le-Israel B.M. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net interest income was ILS 4,545 million compared to ILS 3,935 million a year ago. Net income was ILS 2,293 million compared to ILS 1,767 million a year ago. Basic earnings per share from continuing operations was ILS 1.51 compared to ILS 1.15 a year ago. Diluted earnings per share from continuing operations was ILS 1.51 compared to ILS 1.15 a year ago.
For the nine months, net interest income was ILS 12,690 million compared to ILS 12,147 million a year ago. Net income was ILS 7,347 million compared to ILS 5,201 million a year ago. Basic earnings per share from continuing operations was ILS 4.83 compared to ILS 3.38 a year ago. Diluted earnings per share from continuing operations was ILS 4.83 compared to ILS 3.38 a year ago.
Bank Leumi Le Israel BM is an Israel-based banking corporation that operates in Israel and abroad through subsidiaries comprised of banking and non-banking corporations. The Bank operates through seven business segments: Households, providing banking services to households and individuals; Small Businesses, providing banking services to small businesses and local authorities; Corporate Banking, providing banking and financial services to large and international companies for their operations worldwide; Commercial Banking, providing banking and financial services to medium-sized companies and interested parties (Middle Market); Private Banking, providing financial services and solutions to local and global private customers with a large portfolio of financial assets; Financial Management and Capital Markets, providing proprietary activity and trading rooms and servicing institutional clients and foreign financial institutions, as well as Other.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
-
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.