Itau Unibanco (ITUB) Rides on Strategic Buyouts Amid High Costs [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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US:NYSE Investor Relations:
itau.com.br/investor-relations
Company Research
Source: Yahoo! Finance
The company is focused on expanding its footprint globally through strategic acquisitions. However, a rise in expenses and weak credit quality remain near-term concerns. The bank has recorded revenue growth over the years, driven by increased commissions and fees as well as strong performance in insurance operations. The rise was primarily due to an increase in asset management, credit operations and guarantees provided, as well as credit and debit cards. Given the company's dominant position in the asset management and investment banking sectors in Latin America, along with growth opportunities in the insurance market, the bank is well-positioned to sustain and enhance its revenue growth in the coming periods. The bank has been focused on growing inorganically in Brazil and abroad. In 2022, the company acquired an 11.4% equity stake in XP Inc. for R$8 billion. Further, it acquired Ideal Holding to bolster its investment ecosystem and completed the first phase of the deal on Mar 3
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ITUB
News
- ITAÚ UNIBANCO - Announcement to the Market - Investor Relations OfficerPR Newswire
- Brazil's CBMM starts testing ultra-fast charging batteries in Volkswagen bus [Yahoo! Finance]Yahoo! Finance
- Brazil Central Bank Is Set to Halt Interest Rate Cuts Due to Credibility Crisis [Yahoo! Finance]Yahoo! Finance
- Brazil Central Bank Is Set to Halt Interest Rate Cuts Due to Credibility Crisis [BNN Bloomberg (Canada)]BNN Bloomberg
- Bonds of Bank Hit by Historic Brazil Floods Lure Investors Back [Financial Post (Toronto, Ontario, Canada)]Financial Post
ITUB
Earnings
- 5/7/24 - Beat
ITUB
Sec Filings
- 6/28/24 - Form 6-K
- 6/28/24 - Form 6-K
- 6/28/24 - Form 6-K
- ITUB's page on the SEC website