Bank Hapoalim (OTCMKTS:BKHYY) Issues Quarterly Earnings Results

Bank Hapoalim (OTCMKTS:BKHYY) released its quarterly earnings data on Tuesday. The bank reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.20, Zacks reports. Bank Hapoalim had a return on equity of 14.38% and a net margin of 22.10%.The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $6.11 billion.

Bank Hapoalim Stock Performance

Bank Hapoalim stock opened at $126.56 on Wednesday. The business has a 50 day moving average of $118.39 and a 200-day moving average of $125.21. The company has a market capitalization of $33.10 billion, a P/E ratio of 11.73 and a beta of 1.21. Bank Hapoalim has a 1 year low of $89.15 and a 1 year high of $146.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.96 and a quick ratio of 0.96.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.