Streetbeat News

ITUB

Itaú Unibanco Holding S.A.

https://www.itau.com.br

Industry

Banks - Regional

Itaú Unibanco Holding S.A. offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. It offers various deposit products, as well as loans and credit cards; investment and commercial banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident; and reinsurance products. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. is a subsidiary of IUPAR - Itaú Unibanco Participações S.A.

Open

5.95

Mkt cap

54B

Volume

17M

High

6.00

P/E Ratio

8.76

52-wk high

7.27

Low

5.94

Div yield

0.08

52-wk low

5.62

Bank stocks including ABCB, ASB, AUB, BAC, and others traded lower after January's CPI data indicated a higher-than-expected inflation rise, casting doubt on future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 7:16 pm

Itau Unibanco Banco Holding's shares are trading lower despite the company reporting better-than-expected Q4 revenue results.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:38 pm

Itau Unibanco Holding (NYSE:ITUB) reported its Q4 earnings on February 5, 2024, with an EPS of $0.19, matching estimates. Revenue increased by $1.08 billion year-over-year. Despite a miss in EPS in the previous quarter, the share price increased by 3.67% the following day. The company has shown consistent revenue growth over the past year.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:50 pm

Itau Unibanco Holding (NYSE:ITUB) reported Q4 adjusted EPS of $0.19, meeting analyst estimates, and sales of $8.27B, exceeding the $7.99B estimate. This represents a 26.67% increase in earnings and a 14.95% increase in sales over the same period last year.

Portfolio Pulse from totan@benzinga.com

February 05, 2024 | 9:49 pm

Earnings reports for February 5, 2024, include a mix of expected profits and losses across various sectors. Notable companies like McDonald's, Tyson Foods, and Caterpillar are among those reporting, with a range of earnings per share and revenue projections.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 10:20 am

Itau Unibanco Holding (NYSE:ITUB) is scheduled to release its quarterly earnings report on February 5, 2024, with an estimated EPS of $0.19. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with the stock price fluctuating based on actual EPS outcomes and guidance. Shares have risen 36.55% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 2:00 pm

Itau Unibanco Holding (NYSE:ITUB) has seen a 22.58% increase in short interest since the last report, with 36.52 million shares sold short, representing 0.76% of available shares. The short interest is below the peer group average of 0.79%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:45 pm

B of A Securities analyst Mario Pierry has upgraded Itau Unibanco Holding (NYSE:ITUB) from Neutral to Buy and increased the price target from $6.6 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:26 pm

Itau Unibanco Holding (NYSE:ITUB) has experienced a 13.21% increase in short interest since its last report, with 28.92 million shares sold short, representing 0.6% of its float. The average time to cover these short positions is 1.97 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. ITUB's short interest is below its peer group average of 0.81%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:00 pm

Itau Unibanco Holding (NYSE:ITUB) announced a monthly dividend of 0.36 cents per share, with the ex-dividend date set for Friday. Shareholders owning ITUB stock by the end of Thursday are eligible for the dividend, which will be paid on February 12, 2024. The stock is expected to open 0.36 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:46 pm

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