Welcome to our dedicated page for Itau Unibanco Holding S.A. American Depositary Shares news (Ticker: ITUB), a resource for investors and traders seeking the latest updates and insights on Itau Unibanco Holding S.A. American Depositary Shares stock.
Itaú Unibanco Holding S.A. (symbol: ITUB) is a leading Brazilian financial services company headquartered in São Paulo, Brazil. Formed through the merger of Banco Itaú and Unibanco in 2008, Itaú Unibanco stands as the largest privately held bank in Brazil. The bank's extensive operations not only span across Brazil but also reach Chile, Colombia, Argentina, Uruguay, and Paraguay.
Itaú Unibanco offers a comprehensive suite of financial products and services, including commercial and consumer loans, which account for 33% and 44% of the bank's total loan portfolio, respectively. Additionally, foreign loans contribute to 23% of its portfolio. The company also operates the fifth-largest insurance provider in Brazil and is the second-largest asset manager in the country.
Recent news highlights the bank's continuous efforts to enhance its financial standing and commitment to shareholders. On February 5, 2024, Itaú Unibanco announced the early termination of its buyback program and approved a new stock buyback initiative, allowing the acquisition of up to 75,000,000 preferred shares. This move aims to optimize capital allocation and support long-term incentive plans for employees and management.
Itaú Unibanco's financial health remains robust, with the ability to meet its obligations while pursuing strategic opportunities. The bank's latest quarterly financial results are frequently shared with shareholders and the broader market through interactive meetings and detailed reports available on its Investor Relations website.
Stay updated with Itaú Unibanco's latest developments, financial statements, and investor relations news by visiting their website.
Itaú Unibanco's Board of Directors has approved the payment of interest on capital (IOC) to stockholders amounting to R$0.310560 per share. After 15% income tax withholding, stockholders will receive a net interest of R$0.263976 per share, except for immune or exempt corporate stockholders. The payment will be made by April 30, 2025, based on stockholding positions as of December 9, 2024. Shares will trade ex-rights starting December 10, 2024. The IOC payment applies equally to both common (ITUB3) and preferred (ITUB4) shares.
Itaú Unibanco Holding announced the release of its Complete Financial Statements and Management Discussion and Analysis for the 3rd quarter of 2024, ended September 30, 2024. The documents are available on the company's Investor Relations website. A virtual meeting to discuss the results is scheduled for Tuesday, November 05 at 08:00 a.m. (EST).
Itaú Unibanco has released revised projections for 2024, showing increased growth targets across multiple business segments. The total credit portfolio forecast has been raised to 9.5%-12.5% growth from the previous 6.5%-9.5%. Financial margin with clients is now expected to grow between 5.5%-8.5%, up from 4.5%-7.5%. Commissions and fees growth projection was revised to 5.5%-8.5% from 5.0%-8.0%. Non-interest expenses are projected to grow between 5.0%-8.0%. The company maintains its financial margin with market forecast at R$3.0-5.0 billion and cost of credit between R$33.5-36.5 billion. The effective tax rate remains projected at 29.5%-31.5%.
Itaú Unibanco has announced its upcoming 3Q24 results presentation scheduled for November 5th, 2024, at 8 a.m. (EST) and 10 a.m. (Brasília time). The interactive meeting will feature key executives including CEO Milton Maluhy, CFO Gabriel Amado de Moura, Head of Corporate Strategy Renato Lulia, and IRO Gustavo Lopes Rodrigues. The financial results will be published on the investor relations website on November 4th after market close. The presentation will include a Q&A session and will be conducted in both Portuguese and English.
Itaú Unibanco (ITUB) has announced an interactive meeting to present its 3Q24 results on November 5th, 2024, at 8 a.m. (EST) and 10 a.m. (Brasília time). The presentation will be conducted in both Portuguese and English, followed by a Q&A session. Participants can register for the meeting through a provided link.
Key executives participating in the meeting include Milton Maluhy (CEO), Gabriel Amado de Moura (CFO, pending Central Bank approval), Renato Lulia (Head of Corporate Strategy, Investor Relations and Corporate Development), and Gustavo Lopes Rodrigues (IRO).
The company will publish its results on the investor relations website on November 4th, 2024, after trading hours. Stakeholders are encouraged to follow Itaú Unibanco's latest news on their Investor Relations website.
Itaú Unibanco has announced an interactive meeting to present its 3Q24 results on November 5th, 2024, at 8 a.m. (EST) and 10 a.m. (Brasília time). The presentation will be conducted in both Portuguese and English, followed by a Q&A session. Key participants include Milton Maluhy (CEO), Gabriel Amado de Moura (CFO), Renato Lulia (Head of Corporate Strategy, Investor Relations and Corporate Development), and Gustavo Lopes Rodrigues (IRO).
Interested parties can register for the interactive meeting through a provided link. The company will publish its results on the investor relations website on November 4th, after trading hours. For the latest news, stakeholders are encouraged to follow Itaú Unibanco's Investor Relations website.
Itaú Unibanco Holding S.A. (ITUB) has announced a payment of interest on capital (IOC) to stockholders. The Board of Directors approved a payment of R$0.27298 per share, with a 15% income tax withholding, resulting in a net interest of R$0.232033 per share. The payment will be made by April 30, 2025, based on the stockholding position as of September 19, 2024. Shares will trade 'ex-rights' starting September 20, 2024. This payment applies equally to both common (ITUB3) and preferred (ITUB4) shares. Corporate stockholders may be exempt from tax withholding if they can prove immunity or exemption.
Itaú Unibanco Holding S.A. (ticker: ITUB) has released its financial results for the second quarter of 2024. The company has made available its Complete Financial Statements and Management Discussion and Analysis for the period ending June 30, 2024, on its Investor Relations website. A virtual meeting to discuss the results is scheduled for August 7, 2024, at 09:00 a.m. EDT. Shareholders and interested parties can access detailed information about the company's performance through these documents and the upcoming virtual meeting.
Itaú Unibanco (ITUB) has announced the presentation of its 2Q24 results on August 7th, 2024, at 9 a.m. EDT (10 a.m. Brasília time). The interactive meeting will be held in both Portuguese and English, featuring a Q&A session. Milton Maluhy, CEO, and Renato Lulia, Head of Corporate Strategy, Investor Relations and Corporate Development, will lead the presentation. Participants can register for the event through a provided link. The financial results will be published on the investor relations website on August 6th, after trading hours. This announcement highlights Itaú Unibanco's commitment to transparency and shareholder communication.
Itaú Unibanco (ITUB) has announced the upcoming presentation of its 2Q24 results on August 7th, 2024, at 9 a.m. EDT (10 a.m. Brasília time). The interactive meeting, featuring a Q&A session, will be conducted in both Portuguese and English. CEO Milton Maluhy and Head of Corporate Strategy, Investor Relations and Corporate Development Renato Lulia will lead the presentation. Interested participants can register for the event through a provided link. The bank will publish its results on the investor relations website on August 6th, after trading hours. This announcement demonstrates Itaú Unibanco's commitment to transparency and shareholder communication, providing investors with timely access to important financial information.
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