Itaú Unibanco Publishes Q1 2024 Financial Insights
TipRanks (Tue, 7-May 12:59 PM ET)
Itau Unibanco GAAP EPS of R$1.00, revenue of R$42.8B
Seeking Alpha News (Tue, 7-May 2:45 AM ET)
Itau Unibanco GAAP EPS of R$1.00, revenue of R$42.06B
Seeking Alpha News (Tue, 7-May 2:45 AM ET)
Ita Unibanco Holding S.A. Results for the 1st quarter of 2024
PRNewswire (Mon, 6-May 6:24 PM ET)
ITA UNIBANCO - Interactive Meeting 1Q24
PRNewswire (Fri, 3-May 9:04 AM ET)
Itau Unibanco’s Risk Management Update Lacks Details
TipRanks (Thu, 2-May 7:30 AM ET)
Itau Unibanco Issues Empty Release
TipRanks (Thu, 2-May 7:27 AM ET)
Ita Unibanco Holding's 2023 Annual Report on Form 20-F filed with the SEC and the CVM
PRNewswire (Mon, 29-Apr 6:19 PM ET)
PRNewswire (Mon, 15-Apr 2:39 PM ET)
Ita Unibanco Holding S.A. - MATERIAL FACT - Payment of interest on capital
PRNewswire (Mon, 4-Mar 4:58 PM ET)
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Its commercial and consumer loans account for 36% of the bank's total loans each, while foreign loans now account for 28% of the bank's portfolio. Itaú also operates the fifth- largest insurer in Brazil and is the second- largest asset manager in the country, giving it broad reach over the Brazilian financial system.
Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) trades on the NYSE stock market under the symbol ITUB.
As of May 7, 2024, ITUB stock price climbed to $6.53 with 19,488,455 million shares trading.
ITUB has a market cap of $63.86 billion. This is considered a Large Cap stock.
Last quarter Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) reported $8 billion in Revenue and $.26 earnings per share. This beat revenue expectation by $72 million and exceeded earnings estimates by $.06.
In the last 3 years, ITUB stock traded as high as $7.27 and as low as $3.60.
ITUB has outperformed the market in the last year with a price return of +34.3% while the SPY ETF gained +27.0%. However, in the short term, ITUB had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.3% vs +5.0% return in SPY. But in the last 2 weeks, ITUB shares have fared better than the market returning +7.1% compared to SPY +3.5%.
ITUB support price is $6.27 and resistance is $6.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ITUB stock will trade within this expected range on the day.