ITUB - Itaú Unibanco Holding S.A.
After hours:
| Previous Close | 5.29 |
| Open | 5.43 |
| Bid | 5.19 x 45100 |
| Ask | 5.46 x 45900 |
| Day's Range | 5.37 - 5.45 |
| 52 Week Range | 3.90 - 6.07 |
| Volume | |
| Avg. Volume | 27,814,390 |
| Market Cap | 53.018B |
| Beta (5Y Monthly) | 0.47 |
| PE Ratio (TTM) | 8.87 |
| EPS (TTM) | 0.61 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.04 (0.80%) |
| Ex-Dividend Date | Jun 01, 2023 |
| 1y Target Est | 6.43 |
BloombergBillionaire Family to Boost Stake in Brazilian Flip-Flop Icon Havaianas
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ZacksMitsubishi UFJ (MUFG) Earnings Decline Y/Y in Fiscal 2022
An increase in expenses, credit costs and net trading loss affect Mitsubishi UFJ's (MUFG) earnings for fiscal 2022. Nonetheless, rising gross profits, NII, net fees and commissions are positives.
ZacksITUB or IBN: Which Is the Better Value Stock Right Now?
ITUB vs. IBN: Which Stock Is the Better Value Option?
ZacksItau Unibanco (ITUB) Q1 Earnings & Revenues Increase Y/Y
Increased operating revenues and managerial financial margin are partially offset by escalating costs for Itau Unibanco (ITUB) in first-quarter 2023.
ZacksIs Itau Unibanco (ITUB) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ReutersBrazil's Itau Unibanco first-quarter net profit up 14.6%
SAO PAULO (Reuters) -Itau Unibanco Holding SA, Brazil's biggest private bank, reported on Monday first-quarter recurring net profit up 14.6% year-on-year, boosted by a larger loan portfolio with better spreads even as provisions for bad loans increased. Peers Bradesco and Santander Brasil both outperformed market consensus in the first quarter, but saw their net profits diving 37.3% and 46.6% on a yearly basis, respectively. Shares in Itau were trading up 0.6% in the morning, roughly in line with Brazil's Bovespa stock index.
- Reuters
UPDATE 2-Brazil's Itau Unibanco first-quarter net profit up 14.6%
Itau Unibanco Holding SA , Brazil's biggest private bank, reported on Monday first-quarter recurring net profit up 14.6% year-on-year, boosted by a larger loan portfolio with better spreads even as provisions for bad loans increased. The bottom line of 8.44 billion reais ($1.7 billion) was broadly in line with expectations of 8.42 billion in a Refinitiv poll of analysts, but marked a shift from other large Brazilian lenders as they reported lower income in the period. Peers Bradesco and Santander Brasil both outperformed market consensus in the first quarter, but saw their net profits diving 37.3% and 46.6% on a yearly basis, respectively.
ZacksBanco Itau (ITUB) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banco Itau (ITUB) have what it takes? Let's find out.
ZacksITUB vs. HDB: Which Stock Is the Better Value Option?
ITUB vs. HDB: Which Stock Is the Better Value Option?
ReutersAmericanas accounting scandal was a 'fraud,' says CEO of Brazil's Itau
The chief executive of Brazil's biggest private lender Itau Unibanco said on Wednesday that the accounting inconsistencies that led retailer Americanas SA to request bankruptcy protection represent a case of 'fraud'. Milton Maluhy Filho's remarks came after Itau, which had a multi-million-dollar exposure to Americanas, had to set aside more cash for bad loans in the fourth quarter. Maluhy added that Itau has not identified any case similar to that of Americanas, which reported around $8 billion in debt after disclosing "inconsistencies" in its accounting.
ZacksIs a Surprise Coming for Itau Unibanco (ITUB) This Earnings Season?
Itau Unibanco (ITUB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
ReutersLarge Brazilian banks may set aside around $890 million for Americanas losses in Q4
Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such as BTG Pactual, Bradesco,Santander Brasil, Itaú Unibanco Holding and Banco do Brasil have around 15 billion reais in loans with Americanas, according to analyst reports. Analysts estimate the banks may provision around 30% of their loans in the fourth quarter, which would be equivalent to 4.5 billion reais ($890 million), even with bankruptcy protection taking place in January, as a precautionary measure allowed by the Brazilian central bank.
ZacksITUB or HDB: Which Is the Better Value Stock Right Now?
ITUB vs. HDB: Which Stock Is the Better Value Option?
ZacksShould Value Investors Buy Itau Unibanco (ITUB) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks
Itau Unibanco (ITUB) Q3 Earnings & Revenues Increase Y/Y
Higher revenues support Itau Unibanco's (ITUB) Q3 earnings. However, an increase in non-interest expenses hurt the results to some extent.
- Reuters
Fiscal and social concerns equally important for Brazil's economy, Itau CEO says
Fiscal and social concerns should be given equal weight in the running of Brazil's economy, the chief executive of bank Itau Unibanco said on Friday, referring to market jitters over President-elect Luiz Inacio Lula da Silva's spending plans. Milton Maluhy Filho, the CEO of Brazil's largest lender, said he expects a slowdown in Brazil's economy in the fourth quarter, in a trend that should continue into 2023.
ReutersBigger loans help Brazil bank Itau's earnings outclass peers
SAO PAULO (Reuters) -Latin America's biggest bank Itau Unibanco SA on Thursday posted a recurring net profit rise of 19%, outperforming other private Brazilian lenders as a larger loan book helped it offset mounting risk of debt delinquency. Latin America's largest bank reported a third-quarter recurring net income of 8.08 billion reais ($1.51 billion), landing just below the 8.11 billion reais estimate of analysts polled by Refinitiv. Analysts at XP Inc nevertheless hailed the positive results in a note to clients, pointing to a bigger loan portfolio and balanced risk management, which allowed Itau to keep its defaults in check.
Motley FoolWhy Shares of Banco Santander Brasil, Banco Bradesco, and Itau Unibanco Holding Are Rising Today
Shares of several Brazilian banks (and Brazilian stocks in general) rose today after results for the first round of the country's presidential election were reported. Shares of Banco Santander Brasil (NYSE: BSBR) were up roughly 9.2% as of 2:01 p.m. ET. Banco Bradesco (NYSE: BBD) climbed 10.2%, and Itau Unibanco Holding (NYSE: ITUB) traded nearly 10% higher as well.
ZacksThe Zacks Analyst Blog Highlights: T-Mobile US, NextEra Energy, Amgen, 3M and Itau Unibanco Holding
T-Mobile US, NextEra Energy, Amgen, 3M and Itau Unibanco Holding are part of The Zacks top Analyst Blog .
ZacksTop Stock Reports for T-Mobile, NextEra Energy & Amgen
Today's Research Daily features new research reports on 16 major stocks, including T-Mobile US, Inc. (TMUS), NextEra Energy, Inc. (NEE) and Amgen Inc. (AMGN).
ReutersBrazil broker Avenue aims for 1 million clients after Itau deal
Brazilian brokerage Avenue Holdings Inc expects to reach the 1 million customer mark soon, an executive said, after Brazil's largest private lender Itau Unibanco agreed to acquire a stake in the firm. Avenue, which offers Brazilian investors access to foreign markets, currently has 600,000 clients following steady growth of its customer base, chief marketing officer Alexandre Reis told Reuters in an interview. "We'll reach 1 million in the near future," Reis said, without offering a more detailed timeline.
- Reuters
Brazil broker Avenue aims for 1 mln clients after Itau deal
Brazilian brokerage Avenue Holdings Inc expects to reach the 1 million customer mark soon, an executive said, after Brazil's largest private lender Itau Unibanco agreed to acquire a stake in the firm. Avenue, which offers Brazilian investors access to foreign markets, currently has 600,000 clients following steady growth of its customer base, chief marketing officer Alexandre Reis told Reuters in an interview. "We'll reach 1 million in the near future," Reis said, without offering a more detailed timeline.
- Reuters
Billionaire-backed reforestation company begins work on first land in Brazil
A Brazilian reforestation company backed by Brazilian banking billionaires is beginning to work on its first plot of land to reconstitute the native forest in the northeastern state of Bahia. Re.green, a startup that aims to restore around 1 million hectares of pastures formerly occupied by native forests in 12 years has raised 389 million reais ($76 million) in its first funding round. Among its backers is billionaire banking family Moreira Salles, shareholders in Brazil's largest bank, Itau Unibanco Holding SA, through their family office and asset manager Gavea Investimentos, controlled by former Brazil central banker Arminio Fraga, re.green Co-CEO Bernardo Strassburg said.
CoinDeskBrazil’s Largest Private Bank, Itaú, Selected by Central Bank to Develop a DeFi Liquidity Pool
The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory.
- Reuters
UPDATE 1-Brazil government to investigate lenders for alleged credit card fraud
Brazil's government on Thursday announced it will investigate 23 financial institutions, including the country's top banks, for allegedly issuing unsolicited credit cards when customers signed up for payroll loans and charging them undisclosed fees. The Justice and Public Security Ministry said in a statement that lenders provided customers with credit cards without prior notice when they signed up for such loans, which are repaid through automatic deductions from the borrower's paycheck. The investigation follows complaints from a consumer protection agency in Rio de Janeiro state, it added, saying payroll loan withdrawals were allegedly charged through the unsolicited credit cards.
