Stock Analysis
Bank Leumi le-Israel B.M First Quarter 2024 Earnings: EPS: ₪1.83 (vs ₪0.64 in 1Q 2023)
Bank Leumi le-Israel B.M (TLV:LUMI) First Quarter 2024 Results
Key Financial Results
- Revenue: ₪6.07b (up 32% from 1Q 2023).
- Net income: ₪2.79b (up 184% from 1Q 2023).
- Profit margin: 46% (up from 21% in 1Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: ₪1.83 (up from ₪0.64 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bank Leumi le-Israel B.M Earnings Insights
Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 2 years, while revenues in the Banks industry in Asia are expected to grow by 7.2%.
Performance of the market in Israel.
The company's shares are up 5.2% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Bank Leumi le-Israel B.M (1 is a bit concerning!) that you should be aware of.
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Find out whether Bank Leumi le-Israel B.M is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About TASE:LUMI
Bank Leumi le-Israel B.M
Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.
Flawless balance sheet and undervalued.