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Stock impact report

UPDATE 1-Brazil's Itau Unibanco Q2 profit up 10%, in line with estimates [Reuters]

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) 
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: itau.com.br/investor-relations
Company Research Source: Reuters
UPDATE 1-Brazil's Itau Unibanco Q2 profit up 10%, in line with estimates (Adds fee income, profitability and loan book growth) SAO PAULO, July 29 (Reuters) - Brazil’s largest private-sector lender, Itau Unibanco Holding SA, reported on Monday a 10.2% gain in second-quarter recurring profit to 7.034 billion reais ($1.86 billion), helped by loan book growth and trading gains. Itau’s recurring net income, which excludes one-time items such as hedges on foreign investments, was roughly in line with analysts’ estimate of 6.977 billion reais, according to a Refinitiv consensus estimate. Itau’s results showed that while its client revenues are under pressure, they are still on a upward trend. The bank’s fee income increased by 3.5% from the year-ago period, helped by its investment banking and asset management units. The bank’s net financial income came in at 18.4 billion reais, up 6.7% from the same period a year earlier. In May, the bank had already lowered its targets for fee income and f Show less Read more
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