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Itau Unibanco Holding S.A. American Depositary Shares - ITUB STOCK NEWS

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.

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Itaú Unibanco Holding S.A. has revised its 2021 financial projections, as disclosed on August 2, 2021. The company anticipates a total credit portfolio growth of 5.5% to 9.5% in Brazil, maintaining its financial margin with clients and the market. The new forecasts include a financial margin with the market ranging from R$4.9 to R$6.4 billion and a cost of credit between R$21.3 to R$24.3 billion. The effective tax rate is projected to be between 34.5% to 36.5%, indicating a cautious outlook based on market conditions.

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ITAÚ UNIBANCO HOLDING S.A. has announced the payment of interest on capital to shareholders, amounting to R$ 0.10384 per share, netting R$ 0.088264 after a 15% tax withholding. The payment is based on the stockholding position recorded on August 13, 2021, and will be made on August 26, 2021. This payment, along with previously declared amounts, totals R$ 2,159 million. The interest is applicable to both common (ITUB3) and preferred (ITUB4) shares.

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Itaú Unibanco Holding S.A. announced the availability of its Complete Financial Statements and Management Discussion and Analysis for Q2 2021, ending June 30, 2021, on its Investor Relations website. Shareholders can access these documents to evaluate the company's performance during this period. Additionally, conference calls regarding the results are scheduled for August 3, 2021, at 09:00 a.m. EDT in Portuguese and at 10:30 a.m. EDT in English.

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Itaú Unibanco will announce its 2nd quarter 2021 results on August 2, following the close of trading on B3 and NYSE. The conference call schedules are as follows: in Portuguese at 9 a.m. EDT and in English at 10:30 a.m. EDT on August 3. Investors can access the details through the company's Investor Relations website. For further queries, individual and institutional investors can contact provided emails or phone numbers.

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Itaú Unibanco announced the approval of a corporate restructuring by Brazil's Central Bank on July 26, 2021. This restructuring involves the spin-off of its equity interest in XP Inc., transferring 226,523,304 shares, equivalent to 41.05% of XP's capital, to XPart S.A. Shareholders will continue to trade shares, including rights to XPart securities until an ex-right date. If approved, XP and XPart may merge, impacting shareholders' entitlements. Stockholders have withdrawal rights if XPart is not merged or listed within 120 days of approval.

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Itaú Unibanco is set to disclose its 2nd quarter 2021 results on August 2, after trading hours on B3 and NYSE. The company will host conference calls on August 3: in Portuguese at 9 a.m. EDT and in English at 10:30 a.m. EDT. Investors can access the calls through links provided in the press release. For further updates and information, stakeholders are encouraged to visit the Investor Relations website.

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Itaú Unibanco has successfully won a bidding process on July 16, 2021, to provide payroll management services for the State of Minas Gerais. This lucrative contract involves managing payroll for approximately 618,000 public servants and includes a monthly amount of R$ 4.8 billion. The proposal also entails a cash payment of R$ 2.4 billion, which will be recorded as intangible and recognized on a deferred basis. This initiative supports Itaú's phygital strategy, enhancing service accessibility through online accounts and dedicated physical sites.

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Itaú Unibanco has received approval from the Federal Reserve Board for a corporate restructuring involving the transfer of its equity interest in XP Inc. to a newly formed entity named XPart S.A. Following this approval, XPart will be incorporated, and shareholders of Itaú Unibanco will maintain their proportional rights to shares in XPart. Additionally, a potential merger between XPart and XP is being discussed, which could affect shareholder entitlements. Further updates will be provided to stakeholders about the transaction's progress.

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ITAÚ UNIBANCO HOLDING S.A. announced the approval of earnings payment to stockholders, effective May 13, 2021. Stockholders will receive interest on capital amounting to R$ 0.04874 per share, with 15% withholding tax, resulting in a net interest of R$ 0.041429 per share. This payment is a partial prepayment of total dividends related to 2021 results, supplementing any future dividends declared. The shares will be traded "ex-rights" starting May 25, 2021, based on stockholding positions as of May 24, 2021.

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Itaú Unibanco invites stakeholders to Itaú Day 2021 on June 2nd, from 9am to 12pm (GMT -3). This digital event will showcase the bank's initiatives and future plans, featuring senior management in a live Q&A session. The event will be conducted in Portuguese, with English subtitles available. Participants include co-chairmen Pedro Moreira Salles and Roberto Setubal, as well as CEO Milton Maluhy Filho. Interested parties can register online for this unprecedented event designed to enhance investor relations.

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FAQ

What is the current stock price of Itau Unibanco Holding S.A. American Depositary Shares (ITUB)?

The current stock price of Itau Unibanco Holding S.A. American Depositary Shares (ITUB) is $5.07 as of December 20, 2024.

What is the market cap of Itau Unibanco Holding S.A. American Depositary Shares (ITUB)?

The market cap of Itau Unibanco Holding S.A. American Depositary Shares (ITUB) is approximately 49.9B.

What is Itaú Unibanco?

Itaú Unibanco is the largest privately held bank in Brazil, formed through the merger of Banco Itaú and Unibanco in 2008.

Where is Itaú Unibanco headquartered?

Itaú Unibanco is headquartered in São Paulo, Brazil.

What services does Itaú Unibanco offer?

Itaú Unibanco offers a wide range of financial services including commercial and consumer loans, insurance, and asset management.

In which countries does Itaú Unibanco operate?

Besides Brazil, Itaú Unibanco operates in Chile, Colombia, Argentina, Uruguay, and Paraguay.

What percentage of Itaú Unibanco's loans are foreign loans?

Foreign loans account for 23% of Itaú Unibanco's total loan portfolio.

What recent changes have occurred in Itaú Unibanco's stock buyback program?

On February 5, 2024, Itaú Unibanco announced a new stock buyback program authorizing the repurchase of up to 75,000,000 preferred shares.

How can I stay updated with Itaú Unibanco's latest news?

You can stay updated by visiting Itaú Unibanco's Investor Relations website for the latest news and financial statements.

Who are the key management members at Itaú Unibanco?

Key management members include Milton Maluhy (CEO), Alexsandro Broedel (CFO), and Renato Lulia (IRO).

When will Itaú Unibanco announce its 1Q24 financial results?

Itaú Unibanco will announce its 1Q24 financial results on May 6, 2024.

What distinguishes Itaú Unibanco in the Brazilian financial market?

Itaú Unibanco is distinguished by its extensive loan portfolio, significant presence in insurance and asset management, and its strategic operations across multiple South American countries.

Itau Unibanco Holding S.A. American Depositary Shares

NYSE:ITUB

ITUB Rankings

ITUB Stock Data

49.90B
4.96B
0%
21.85%
0.12%
Banks - Regional
Financial Services
Link
United States of America
São Paulo