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Stock impact report

Itau Steers Through Higher Rates Weighing Down Banks, Fintechs [Yahoo! Finance Canada]

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
Most Read from Bloomberg Itau Unibanco Holding SA, Latin America's biggest bank by assets, has 15 analyst “buy” recommendations, more than any of its top competitors, after winning upgrades from HSBC Holdings Plc and UBS BB Investment Bank last month. It's the only one without a “sell,” and its shares have outperformed all of Brazil's largest banks for the past 12 months. The positive view stems from expectations that Itau will continue to weather an environment of higher borrowing costs, which has sparked concern a surge in non-performing loans will pinch the banking industry. Fintechs in particular are expected to take a hit from their deeper ties to customers vulnerable to higher inflation and interest rates. Latin America's biggest financial company by market value, fintech Nu Holdings Ltd., for instance, is a major provider of credit cards to low-income individuals. Of 24 analyst recommendations for Nubank, as the company is known, half are either “sell” or “hold.” Itau, Show less Read more
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