Analysis-Brazil's online gambling craze may be hitting consumer spending [Yahoo! Finance]
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
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Source: Yahoo! Finance
Lisandra Paraguassu and Anthony Boadle 4 min read By Lisandra Paraguassu and Anthony Boadle BRASILIA (Reuters) - Soccer-mad Brazilians have fallen hard for online sports betting, yielding a boom of interest from foreign gambling companies that may boost state coffers but also threatens to divert funds from consumer spending in other areas. Latin America's largest economy has seen lower-than-expected growth in consumer spending in the country in recent months, a weakness some banks and think tanks are blaming on gambling. Such a linkage would echo data seen in some U.S. states touched by online gambling fever. Brazilian central bank governor-in-waiting Gabriel Galipolo has chimed in as well. "Even major banks are discussing why the recent growth in income is not reflected in the growth of savings or consumption, and may be leaking into this type of activity, into gambling," Galipolo said at a seminar last month, without elaborating. Brazil's online gambling boom underlin
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News
- Gamblers Pay 400% Loan Rates to Fund Betting Frenzy in Brazil [Yahoo! Finance]Yahoo! Finance
- Itau Unibanco goes ex dividend tomorrow [Seeking Alpha]Seeking Alpha
- Itaú Unibanco Holding S.A. (NYSE: ITUB) had its price target lowered by analysts at JPMorgan Chase & Co. from $8.00 to $7.00. They now have an "overweight" rating on the stock.MarketBeat
- Itau Unibanco Holding SA (ITUB) Q3 2024 Earnings Call Highlights: Robust Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Itau Unibanco Q3 Earnings & Revenues Increase Y/Y, Expenses Rise [Yahoo! Finance]Yahoo! Finance
ITUB
Earnings
- 5/7/24 - Beat
ITUB
Analyst Actions
- 11/7/24 - JP Morgan
ITUB
Sec Filings
- 11/14/24 - Form 13F-HR
- 11/12/24 - Form 6-K
- 11/7/24 - Form 6-K
- ITUB's page on the SEC website