TASE:POLIBanks
Bank Hapoalim (TASE:POLI) Can Strong ROE Keep Margin Doubts In Check
Bank Hapoalim B.M. came into earnings with the stock essentially treading water over the past week and slightly weaker over three months, which suggested investors were cautious after a strong earlier run. Q2 shifted that lukewarm mood. The bank delivered net income of ₪2.49b with basic EPS of ₪1.90 and described the quarter as “excellent,” supported by a return on equity of around the mid teens.
The key point is that profitability at Bank Hapoalim looked strong, and the market now has to...