Norway Fund Divests From Israeli Banks: What It Means for Mizrahi Tefahot Bank Stock

Published on 10/19/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norway's fund sold USD 661 million in bank stakes on October 19. For Mizrahi Tefahot Bank stock, second-quarter 2026 net income reached ILS 1.43 billion.

Bank results and scheduled dates

Norway's wealth fund divested stakes in five Israeli banks valued at USD 661 million on October 19, 2026.
Second-quarter net income reached ILS 1.43 billion versus ILS 1.24 billion in the first quarter of 2026.
The next earnings report is scheduled for November 25, 2026.

Mizrahi Tefahot Bank, IL0006954379, Illustration mit AI erstellt.

Mizrahi Tefahot Bank (IL0006954379) was among five Israeli banks affected by Norway's wealth fund divestiture of stakes valued at USD 661 million on October 19, 2026. Gulf Times reported that the fund sold the holdings after an ethics review. The event puts the bank's current market value and earnings trend side by side.

What does the divestiture mean?

The combined bank stakes were valued at USD 661 million as of June 30, 2026, while Mizrahi Tefahot Bank's market capitalization stood at ILS 60.8 billion on October 19, 2026. The figures use different currencies and measure different things, but together they show the scale of the fund action against the bank's equity value.

The operating counterweight is the latest reported profit. Second-quarter net income reached ILS 1.43 billion, compared with ILS 1.24 billion in the first quarter of 2026, according to TradingView. That sequential comparison gives investors a concrete earnings reference as the market weighs the divestiture.

Three dates shape the stock

On October 16, 2026, Mizrahi Tefahot Bank closed at ILA 23,410 on the Tel Aviv Stock Exchange. On October 19, 2026, the stock was quoted at ILA 23,330 at 10:35 a.m. IDT on the Tel Aviv Stock Exchange. Later on October 19, 2026, the fund divestiture was reported with a combined holding value of USD 661 million by Gulf Times.

When is the next results date?

The next scheduled earnings report is November 25, 2026, according to TradingView. That date gives the market its next formal checkpoint after the second-quarter profit of ILS 1.43 billion.

Market value and earnings remain central

Mizrahi Tefahot Bank's latest quoted price was ILA 23,330 on October 19, 2026 at 10:35 a.m. IDT on the Tel Aviv Stock Exchange. Its market capitalization was ILS 60.8 billion on the same date, while second-quarter net income was ILS 1.43 billion.