Court approves class action as analysts lift Bank Leumi stock target to ILS 88.87

Published on 10/15/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The court case covers April 2022 to May 20, 2025. Q2 net income rose 8.50 percent to ILS 2.83 billion for Bank Leumi stock.

Legal case and bank performance

The court approved the class action on September 22, 2026, covering claims through May 20, 2025.
Second-quarter net income reached ILS 2.83 billion and return on equity was 16.30 percent.
Analysts raised the target from ILS 82.65 to ILS 88.87 on September 15, 2026.

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

Bank Leumi Le-Israel B.M. was trading at ILA 7,281 on the Tel Aviv Stock Exchange on October 15, 2026 at 10:30 a.m. CEST. Simply Wall St reported on September 23, 2026 that a court had approved a class action covering the period from April 2022 through May 20, 2025.

Three events shape the picture

The recent chronology starts with March 4, 2026, when Bank Leumi reported fiscal-year 2025 net income of ILS 10.3 billion in its investor materials. On August 12, 2026, the bank reported second-quarter net income of ILS 2.83 billion and return on equity of 16.30 percent, according to Bank Leumi. The September 22, 2026 court decision then moved legal exposure into the current stock narrative.

What does the case mean for Leumi?

The immediate issue is procedural rather than a final damages ruling. Globes reported on October 11, 2026 that Bank Leumi held 50.00 percent of the current-account balances among the four banks named in the case. The article also said the claim concerns interest on current-account balances and that an appeal may follow.

Operating figures provide the counterweight. Bank Leumi's investor-relations page reported that credit grew 3.40 percent in the second quarter of 2026 to ILS 567.0 billion, while nonperforming loans stood at 0.45 percent. The cost-income ratio was 24.70 percent in the same quarter, giving investors a concrete measure of efficiency alongside the legal uncertainty.

Target and reporting date

On September 15, 2026, analysts raised the average target from ILS 82.65 to ILS 88.87, according to Simply Wall St. The target change followed revised assumptions for growth, margins and valuation rather than a new company forecast.

The next reported date is December 2, 2026, according to Investing.com. That report will test whether the second-quarter profit and efficiency figures continue into the second half.

Stock trades in Tel Aviv

Bank Leumi's current market value was ILS 106.9 billion as of October 15, 2026, while its TASE quotation was ILA 7,281 at 10:30 a.m. CEST. The combination of a 50.00 percent exposure share in the legal case and 16.30 percent second-quarter return on equity leaves two measurable issues for the next report: potential legal costs and operating profitability.