Goldman Sachs joins Phoenix Financial in USD 4 billion plan for Phoenix Financial stock

Published on 10/22/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phoenix Financial plans more than USD 4.00 billion with Goldman Sachs. Phoenix Financial stock carries a 3.49 percent forward yield.

Credit partnership and earnings

Phoenix Financial and Goldman Sachs announced their partnership on October 15, 2026, with more than USD 4.00 billion planned for private credit.
Second-quarter 2026 net income reached ILS 904.14 million, while revenue rose 23.00 percent year over year.
Phoenix Financial had a market capitalization of ILS 45.4 billion as of October 16, 2026.
The next earnings report is scheduled for December 2, 2026.

The Phoenix, IL0007670123, Illustration mit AI erstellt.

Goldman Sachs and Phoenix Financial announced a strategic partnership on October 15, 2026, under which Phoenix expects to deploy more than USD 4.00 billion of client and corporate assets across international private credit opportunities, according to Goldman Sachs. The agreement gives Phoenix access to investment-grade credit, senior direct lending and opportunistic credit capabilities.

Three milestones shape the story

On September 10, 2026, Phoenix Financial joined a consortium that signed a letter of intent to acquire a 30.00 percent stake in IBC Israel Broadband Company for approximately ILS 370.00 million, Simply Wall St reported. Phoenix also appointed Shay Tzadok as deputy CEO and CFO effective October 5, 2026, according to the same company update carried by Simply Wall St.

The October 15 partnership is the latest event and shifts attention toward the scale of Phoenix's international credit strategy. Goldman Sachs said Phoenix manages more than USD 220.00 billion in assets, while the agreement also covers possible cooperation in investment, savings and insurance products.

What does the credit plan change?

The USD 4.00 billion deployment target expands the potential investment platform, but the announcement does not provide a revenue or profit forecast for the partnership. The latest reported figures offer the clearest operating benchmark: second-quarter 2026 net income was ILS 904.14 million, versus ILS 956.99 million in the second quarter of 2025, while revenue reached ILS 6.63 billion, up 23.00 percent year over year, according to Simply Wall St.

Upcoming reporting date

TradingView lists December 2, 2026, as Phoenix Financial's next earnings date. That report should provide the next quantified test of earnings, assets under management and capital deployment.

Stock valuation and market setting

Phoenix Financial had a market capitalization of ILS 45.4 billion as of October 16, 2026, according to Simply Wall St. Its TASE quotation was ILA 18,530.00 at 5:27 p.m. IDT on October 21, 2026, while the 52-week range was ILA 11,840.00 to ILA 20,130.00. The company reported a forward dividend yield of 3.49 percent and a trailing price-to-earnings ratio of 14.21 on the quoted market page.

Investor attention therefore rests on execution rather than the headline size alone. The partnership supplies a new deployment channel, while the second-quarter figures show that growth in revenue has not translated into higher net income year over year.