Fitch affirms Bank Leumi at A- as fair value for Bank Leumi stock rises to ILS 90.90

Published on 10/26/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fitch affirmed Bank Leumi at A- with a stable outlook on October 19, 2026. Fair value for Bank Leumi stock rose to ILS 90.90.

Rating and valuation signals

Fitch affirmed Bank Leumi's A- rating with a stable outlook on October 19, 2026.
Second-quarter 2026 net income reached NIS 2.83 billion with 16.30 percent return on equity.
Analyst fair value rose from ILS 88.87 to ILS 90.90 on October 15, 2026.

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

Bank Leumi Le-Israel B.M. (ISIN IL0006046119) carries an A- rating with a stable outlook after Fitch affirmed the assessment on October 19, 2026, according to Worldnews.com. The bank's second-quarter 2026 results provide the operating backdrop.

Three events shape the picture

On August 12, 2026, Bank Leumi reported second-quarter net income of NIS 2.83 billion and return on equity of 16.30 percent in its Bank Leumi investor materials. On October 12, 2026, the bank announced a trust-company venture with Aspire in which Leumi owns 51.00 percent, as reported by CTech. Fitch's October 19, 2026 affirmation is the latest of the three developments.

What does the rating mean?

The rating adds a credit-quality reference to a bank that reported a 24.70 percent cost-income ratio and an 11.65 percent CET1 ratio for the second quarter of 2026, according to Bank Leumi. The same report said credit grew 3.40 percent in the quarter to NIS 567.00 billion, while non-performing loans stood at 0.45 percent. These figures connect the rating with profitability, capital and asset quality rather than with a single market session.

Analysts lift fair value

On October 15, 2026, analysts raised their fair-value estimate to ILS 90.90 from ILS 88.87, a 2.29 percent increase, according to Simply Wall St. The update cited revised assumptions for revenue growth, profit margins, discount rates and future valuation multiples.

Upcoming reporting dates differ

RTTNews lists November 11, 2026 for third-quarter results, while TradingView lists December 2, 2026. The differing calendar entries make the reporting date a point to verify through an official announcement.

Market context and company value

Bank Leumi's latest quoted TASE price was ILA 7,455.00 on October 23, 2026 at 10:49 a.m. UTC, while its market capitalization was ILS 109.5 billion on that date. The stock's 2026 trading range ran from ILS 21.36 to ILS 27.59 on the Nasdaq OTC listing, according to wallstreetONLINE. Those figures use different quotation conventions and are not combined with the TASE price.