Israel Discount Bank Reports Second Quarter 2024 Earnings

Israel Discount Bank (TLV:DSCT) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₪3.77b (flat on 2Q 2023).
• Net income: ₪1.05b (down 12% from 2Q 2023).
• Profit margin: 28% (down from 32% in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Israel Discount Bank Earnings Insights

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Banks industry in Asia.

Performance of the market in Israel.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Israel Discount Bank that you should be aware of before investing here.

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