|Bid||6,416.00 x 2933700|
|Ask||6,417.00 x 4500|
|Day's Range||6,416.00 - 6,535.00|
|52 Week Range||6,005.00 - 7,247.00|
|PE Ratio (TTM)||1,096.75|
|Earnings Date||Nov 1, 2018 - Nov 8, 2018|
|Forward Dividend & Yield||2.36 (3.68%)|
|1y Target Est||69.83|
Mizrahi-Tefahot, Israel's third-largest bank, reported a 48 percent drop in quarterly net profit on Thursday, as it hiked a provision to cover the potential settlement of a U.S. tax evasion investigation. Mizrahi said it earned 207 million shekels ($57 million) in the second quarter, compared with 400 million shekels a year earlier, and 390 million shekels forecast in a Reuters poll of analysts. It said it set aside 425 million shekels, or $116.5 million, in the quarter to cover a likely fine by U.S. authorities.
Mizrahi-Tefahot Bank, Israel's third-largest bank, said on Wednesday it would not accept a proposal from the U.S. Department of Justice to pay a fine of $342 million to settle a U.S. tax evasion investigation. The bank said it believed that any "reasonable calculation" based on the behaviour of its employees as described by the Justice Department would result in a much smaller fine. It said a letter from the Justice Department did not include any details or calculations on which it based its offer.
Moody's Investors Service ("Moody's") has today assigned Counterparty Risk Ratings (CRR) to Bank Hapoalim B.M, Bank Leumi, First International Bank of Israel, Israel Discount Bank and Mizrahi Tefahot Bank. Moody's CRR are opinions of the ability of entities to honor the uncollateralized portion of non-debt counterparty financial liabilities (CRR liabilities) and also reflect the expected financial losses in the event such liabilities are not honored.
Categories: Europe Value Analsysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Mizrahi Tefahot Bank Ltd. a score of 68. Our analysis is based on comparing Mizrahi Tefahot Bank Ltd. with the following peers – Bank Hapoalim BM, Bank Leumi Le-Israel Ltd. and FIBI Holdings Ltd. (POLI-IL, LUMI-IL and FIBI-IL). Fundamental Overview Mizrahi Tefahot Bank Ltd. has a fundamental ... Read more (Read more...)
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Mizrahi Tefahot Bank Ltd.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average ... Read more (Read more...)