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  • Leumi expects first-quarter profit to slide 50% due to drop in US bank stake value
07 May

Leumi expects first-quarter profit to slide 50% due to drop in US bank stake value

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Leumi estimates that it will need to write down the value of its 14.2% stake in Valley National Bancorp by NIS 1b, as shares in the US bank have lost 33% of their value this year

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Category: 
Tech Israel
Bank Leumi Le-Israel Ltd.
Valley National Bancorp
financial distress
financial results
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