Itaú UnibancoITUB
ITUB
About: Itau Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itau and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itau's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
Employees: 95,702
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
39% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 33
24% more call options, than puts
Call options by funds: $45.7M | Put options by funds: $36.8M
22% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 11 (+2) [Q3]
18% more capital invested
Capital invested by funds: $4.86B [Q2] → $5.72B (+$856M) [Q3]
4% more funds holding
Funds holding: 329 [Q2] → 342 (+13) [Q3]
1.1% more ownership
Funds ownership: 17.38% [Q2] → 18.48% (+1.1%) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 120
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$7
38%
upside
Avg. target
$7
38%
upside
High target
$7
38%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Domingos Falavina 17% 1-year accuracy 1 / 6 met price target | 38%upside $7 | Overweight Maintained | 7 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
Itaú Unibanco: Strong Fundamentals In Brazil's Economic Rollercoaster
Itaú Unibanco's Q3 results showed solid operational performance despite missing market expectations slightly, demonstrating strong credit growth and declining delinquency rates. The bank's resilience amidst Brazil's challenging macroeconomic environment, including high inflation and interest rates, underscores its robust credit portfolio and financial margins. ITUB's substantial capital reserves and strategic dividend distributions, including potential extraordinary dividends, promise an attractive dividend yield and improved ROE.
Neutral
PRNewsWire
3 weeks ago
ITAÚ UNIBANCO - MATERIAL FACT - PAYMENT OF INTEREST ON CAPITAL
SÃO PAULO, Nov. 28, 2024 /PRNewswire/ -- Payment of Interest on Capital Itaú Unibanco Holding S.A. informs its stockholders that its Board of Directors has approved, at the meeting held on this date, the payment of interest on capital to stockholders ("IOC") in the amount of R$0.310560 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.263976 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding, which will be made until April 30, 2025.
Positive
Zacks Investment Research
1 month ago
SHG or ITUB: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Banks - Foreign sector have probably already heard of Shinhan Financial (SHG) and Banco Itau (ITUB). But which of these two stocks presents investors with the better value opportunity right now?
Positive
Seeking Alpha
1 month ago
Itau Unibanco: Around Fairly Priced In P/B
Itau Unibanco is generating solid growth and attractive ROEs with its Brazil-focused lending and deposits business. It trades well above 1x P/B, and when looking at its solid growth rate but high cost of equity, also reflected in high local rates, there isn't obvious value. The growing book but shrinking credit costs is a good sign, but with big businesses in consumer credit as well, we aren't excited about the price and have better alternatives.
Neutral
Seeking Alpha
1 month ago
Itaú Unibanco Holding S.A. (ITUB) Q3 2024 Earnings Call Transcript
Itaú Unibanco Holding S.A. (NYSE:ITUB ) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Renato Lulia - Group Head of Corporate Strategy, IR and Corporate Development Milton Maluhy - CEO Conference Call Participants Daniel Vaz - Safra Bank Renato Meloni - Autonomous Yuri Fernandes - JPMorgan Thiago Batista - UBS Tito Labarta - Goldman Sachs Brian Flores - Citibank Mario Pierry - Bank of America Bernardo Guttmann - XP Carlos Gomez - HSBC Natalia Corfield - JPMorgan Nicolas Riva - Bank of America Renato Lulia Hello.
Negative
Zacks Investment Research
1 month ago
Itau Unibanco Q3 Earnings & Revenues Increase Y/Y, Expenses Rise
A rise in operating revenues and managerial financial margin supports ITUB's third-quarter 2024 results. However, a rise in expenses is a headwind.
Neutral
PRNewsWire
1 month ago
Itaú Unibanco Holding S.A. Results for the 3rd quarter of 2024
SÃO PAULO, Nov. 4, 2024 /PRNewswire/ -- Itaú Unibanco Holding S.A. announces to its shareholders and to the market that the Complete Financial Statements and the Management Discussion and Analysis for the 3rd quarter of 2024 ending September 30, 2024, are already available on the Investor Relations website (www.itau.com.br/investor-relations).
Neutral
PRNewsWire
1 month ago
ITAÚ UNIBANCO - Projections
SÃO PAULO, Nov. 4, 2024 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco" or "Company"), in compliance with the provisions in Article 157, paragraph 4 of Law No. 6,404/76 and in Resolution No. 44/21 of the Brazilian Securities and Exchange Commission (CVM), informs its stockholders and the market in general that it released as of this date its revised projections for the year 2024 in accordance with item 3 ("Projections") of the Reference Form.
Positive
Reuters
1 month ago
Brazil's Itau Unibanco posts 18% increase in Q3 recurring profit
Brazil's Itau Unibanco , Latin America's largest private lender, on Monday posted a 18% increase in its third-quarter net recurring profit from a year earlier.
Positive
Zacks Investment Research
2 months ago
Banco 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?
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