STOCK TITAN

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.

Rhea-AI Summary

Itaú Unibanco Holding S.A. announced that its Complete Financial Statements and Management Discussion for Q1 2021, ending March 31, 2021, are now available on their Investor Relations site. The company will hold conference calls on May 4, 2021, with sessions in Portuguese at 09:00 a.m. EDT and in English at 10:30 a.m. EDT.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.35%
Tags
none
-
Rhea-AI Summary

Itaú Unibanco will disclose its Q1 2021 results on May 3, 2021, after stock market closures in Brazil and the United States. The conference call for Portuguese speakers is set for May 4, 2021, at 09:00 AM EDT, followed by the English call at 10:30 AM EDT. Investors can access the calls via the provided links for webcasts and registration. Audio replays will be available until May 10, 2021. The presentation will be accessible on the morning of the calls, offering key insights for stakeholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
Tags
none
-
Rhea-AI Summary

Itaú Unibanco Holding S.A. has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. SEC. This report is now accessible in English on the SEC's website and in Portuguese on the Brazilian CVM's site. Shareholders can also obtain free hard copies of the audited financial statements by contacting the Investor Relations team. This filing is essential for investors seeking detailed financial information about the company's performance in 2020.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
Tags
none
Rhea-AI Summary

Itaú Unibanco will announce its 1Q21 results on May 3rd, post-market closure in Brazil and the U.S. Investors are invited to participate in conference calls on May 4th, with sessions in Portuguese at 9:00 AM EDT and English at 10:30 AM EDT. The calls will be accessible by phone and via webcast, with replays available until May 10th. The presentations will be online for viewing and downloading on the morning of the calls. For more information, visit the investor relations page.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
none
-
Rhea-AI Summary

Itaú Unibanco announced it raised US$400 million in March 2021 through the United States International Development Finance Corporation (DFC) to expand credit lines for SMEs, focusing on economically vulnerable regions in Brazil and women-led businesses. This move aligns with Itaú's Positive Impact Commitment targeting inclusion and entrepreneurship, aiming to improve financial management for small companies. DFC's partnership underscores its dedication to enhancing economic opportunities for women entrepreneurs, especially in the wake of the Covid-19 pandemic.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
none
-
Rhea-AI Summary

ITAÚ UNIBANCO HOLDING S.A. has announced a Board of Directors' decision regarding the payment of interest on capital to shareholders. This payment, set for up to December 31, 2021, will be based on the final stockholding position as of April 27, 2021, with shares trading 'ex-rights' from April 28, 2021. The interest on capital is R$0.05648 per share, leading to a net payment of R$0.048008 per share after a 15% withholding tax. This payment is part of the total dividends and interest on capital for fiscal year 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Itaú Unibanco has unveiled a new Investor Relations website and updated its 2020 Integrated Annual Report. The website features an interactive financial dashboard, AI tools for information search, and accessibility enhancements. The annual report encompasses three documents: the Integrated Annual Report, ESG Report, and Complete Financial Statements, all available digitally. Additionally, a sustainability-focused website highlights the bank's ESG strategy. These innovations aim to improve communication with investors and stakeholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
-
Rhea-AI Summary

The Board of Directors of Itaú Unibanco Holding S.A. has announced the Annual General Stockholders' Meeting on April 27, 2021, at 11:00 a.m., and an Extraordinary Meeting at 11:10 a.m., to be held digitally. Key agenda items include reviewing the Management Report, financial statements for fiscal year 2020, and electing new Board members. The Extraordinary Meeting will focus on amending the Bylaws and consolidating them. Stockholders can access relevant documents on the company's Investor Relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

On March 16, 2021, Itaú Unibanco Holding S.A. announced the approval of the payment of interest on capital to shareholders, effective by December 31, 2021. Shareholders will receive R$0.05064 per share, subject to a 15% withholding tax, yielding a net amount of R$0.043044 per share for most investors. This payout applies equally to both common (ITUB3) and preferred (ITUB4) shares. The final stockholding position cut-off is March 25, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.2%
Tags
none
Rhea-AI Summary

ITAÚ UNIBANCO HOLDING S.A. announced a dividend payout of R$0.1394 per share, consisting of R$0.096407 as dividends and R$0.042993 as interest on capital, totaling R$1,361 million net of taxes. Payments will be made on March 12, 2021, to shareholders on record as of February 25, 2021. This announcement follows a prior disclosure on February 1, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.62%
Tags
dividends

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