Court approves class action involving Bank Leumi stock

Published on 10/13/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 net income rose 8.50 percent to ILS 2.83 billion. Bank Leumi stock target hit ILS 88.87 from ILS 82.65 on September 15, 2026.

Key points in brief

A court approved class-action certification involving Bank Leumi on September 22, 2026.
The claim covers customer credit balances from April 2022 through May 20, 2025.
Second-quarter 2026 net income reached ILS 2.83 billion, with a 16.3 percent return on equity.
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. faces a newly certified class action after a court approved the claim on September 22, 2026, according to Simply Wall St. The case concerns customer credit balances and adds a legal issue to a bank that reported ILS 2.83 billion of net income in the second quarter of 2026.

Three dated developments for Leumi

On March 4, 2026, Bank Leumi reported fiscal year 2025 net income of ILS 10.3 billion and a 15.8 percent return on equity in its investor-relations materials published by Bank Leumi. On August 12, 2026, the bank reported second-quarter net income of ILS 2.83 billion, return on equity of 16.3 percent and a 24.7 percent cost-income ratio in the same investor-relations materials.

On September 22, 2026, the court-approved class action became the latest dated development cited by Simply Wall St. The source says the claim covers the period from April 2022 through May 20, 2025.

What does the claim cover?

The legal dispute concerns whether banks should pay daily interest on credit balances in current accounts or inform customers about interest-bearing deposit alternatives, according to Simply Wall St. The certification does not determine the final liability or the amount of any payment, but it creates a defined legal process tied to a historical period.

Target rose to ILS 88.87

On September 15, 2026, analysts raised their average target for Bank Leumi from ILS 82.65 to ILS 88.87, a 7.50 percent increase, according to Simply Wall St. The target was based on an average from three analysts and followed updated assumptions for revenue growth, profit margins and future valuation multiples.

Next reporting date is December 2

Bank Leumi's next earnings report is scheduled for December 2, 2026, according to Investing.com. The date places the next reported checkpoint after the second-quarter figures of ILS 2.83 billion net income and 16.3 percent return on equity.