S&P issued an erroneous report on Bank Mizrahi Tefahot - and was forced to correct it

S&P Global published an erroneous report on Bank Mizrahi Tefahot, which included a forecast of a sharp decline in return on equity. The report caused negative pressure on the stock, but was corrected later that day. The bank's rating remains BBB+ with a stable outlook.

S&P Global published an erroneous report on Bank Mizrahi Tefahot today, causing negative pressure on the stock for several hours. In the original report, analysts forecast a sharp decline in the bank's return on equity to 12%-13.3% in 2026, surprising market participants. Later that day, the report was corrected, and the forecast was updated to 14%-14.9%. The bank's rating remains BBB+ with a stable outlook. Analysts Regina Argenio and Matan Benjamin prepared the report. S&P's response was not received. The declines in bank stocks are also attributed to the political deadlock in Israel and the Democrats' victory in the U.S. Congress.