|Bid||0.0000 x 800|
|Ask||0.0000 x 900|
|Day's Range||4.8700 - 5.0150|
|52 Week Range||3.6000 - 5.8900|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||9.43|
|Forward Dividend & Yield||0.09 (1.81%)|
|Ex-Dividend Date||Jun 01, 2022|
|1y Target Est||5.81|
In the credit portfolio, I'd like to highlight BRL 1,084 billion, a growth of 5% and consolidated 5.5% in Brazil, I'll give you more flavor to that briefly. The annualized average margin achieved 8.4%, a growth of 0.5 percentage points in the quarter and 9.2% in Brazil growth of 0.3 percentage points.
Higher revenues support Itau Unibanco's (ITUB) Q2 earnings. However, increase in non-interest expenses hurt the result to some extent.
Itau Unibanco on Monday beat profit expectations and substantially raised its loan growth forecast for this year even as it boosted provisioning for bad credits, reflecting higher Brazilian interest rates. Brazil's largest lender said second-quarter recurring net profit rose 17.4% from the previous year to 7.67 billion reais ($1.50 billion), beating analyst expectations of 7.48 billion reais, as compiled by Refinitiv. The growth in cash set aside for bad loans comes in line with the trend seen in its peers, such as Bradesco SA and Santander Brasil SA, reflecting the economic environment of higher interest rates and inflation.