bank leumi le-israel (LUMI:Tel Aviv)
bank leumi le-israel (LUMI) Snapshot
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Open
$1,276
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Previous Close
$1,283
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Day High
$1,290
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Day Low
$1,275
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52 Week High
02/20/13 - $1,363
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52 Week Low
08/13/12 - $844.10
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Market Cap
19.0B
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Average Volume 10 Days
2.8M
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EPS TTM
$0.63
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Shares Outstanding
1.5B
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EX-Date
06/13/11
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P/E TM
20.4x
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Dividend
--
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Dividend Yield
--
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Related News
bank leumi le-israel (LUMI) Related Businessweek News
bank leumi le-israel (LUMI) Details
Bank Leumi le-Israel B.M. engages in various banking, financial, and non-banking activities. It operates through Households; Small Businesses; Corporate Banking; Commercial Banking; Private Banking; and Financial Management and Capital Markets segments. The company offers pre-approved loans, credit products, single deposit and installment-based deposits, savings schemes, investment products, and investment and pension counseling services to households and private customers; and solutions in the field of financing and international trade, and provident funds and mutual funds to small and medium-sized businesses, and local authorities. It is also involved in the provision of solutions in the spheres of financing and international trade; financing and guidance of national and international projects; financial instruments to hedge against currency risks, interest risks, and fluctuations in commodities prices; financing of mergers and acquisitions; and organization of syndicates. In addition, the company offers financial services to middle market business entities; credit lines to finance international trade, real estate purchases, and company mergers; private banking services to wealthy clients; brokerage services in the securities and financial instruments market; and banking and financial services to entities in the capital market. Further, it engages in underwriting and the distributing private and public offerings; issuing and operating credit cards; and providing financial services and solutions to cardholders, as well as clearing and payment securing services against transactions executed by credit cards. The company’s customers also comprise mutual funds, provident funds, training funds, pension funds, commercial banks, and investment banks. It operates through 278 branches in Israel; and 60 branches, agencies, and representative offices in 17 countries internationally. The company was founded in 1902 and is headquartered in Tel-Aviv, Israel.
bank leumi le-israel (LUMI) Top Compensated Officers
bank leumi le-israel (LUMI) Key Developments
Bank Leumi Le-Israel BM reported earnings results for the fourth quarter and full year of 2012. For the quarter, the bank lost ILS 259 million - far more than the profit warning earlier this month which cited a figure of ILS 100 million. This is the bank's first loss since the third quarter of 2008 when the financial crisis was at its peak. In the corresponding quarter of 2011, the bank reported a profit of ILS 618 million. The bank in its profit warning announced that the bank's results were not known and had not been taken into account. Two major factors caused the loss. Firstly the setting aside of ILS 400 million for an investigation by the US federal tax authorities that Bank Leumi Switzerland allegedly aided customers in evading taxes between 2001 and 2010, and which is expected to end in a heavy fine. Secondly, the bank set aside ILS 323 million for streamlining including major layoffs and early retirements. For the full year, the bank made a net profit of ILS 931 million ($249 million) for the Leumi Group in 2012. Net return on equity for 2012 was 3.8% and net interest income rose 4.2% in 2012 and totaled ILS 7.4 billion ($2.0 billion). Non- interest income rose 14.3% and totaled ILS 4.8 billion ($1.3 billion).
Bank Leumi Le-Israel BM announced that they will report Q4, 2012 results on Mar 21, 2013
Bank Leumi Le-Israel BM, Q4 2012 Earnings Call, Mar 21, 2013
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Industry Analysis
LUMI
Industry Average
| Valuation | LUMI | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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To contact BANK LEUMI LE-ISRAEL, please visit www.bankleumi.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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