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 Holding S.A. announced a settlement agreement with the Government of the State of Paraná regarding a long-standing legal claim. The agreement, subject to ratification by the Brazilian Supreme Court, will see Itaú Unibanco receive R$1.7 billion for a debt that has been outstanding for over 20 years. This debt is secured by shares from Companhia Paranaense de Energia – COPEL. Payments will be made in three installments over two years, with options for accelerated payments tied to a potential public offering of COPEL shares. The last installment may be paid in advance if the offering occurs in 2023, enabling the settlement to conclude within a year of approval.
ITAÚ UNIBANCO HOLDING S.A. has announced the approval from its Board of Directors for the payment of interest on capital to shareholders. The total amount is set at
Itaú Unibanco Holding S.A. announced on March 2, 2023, its intention to initiate a voluntary tender offer for the acquisition of up to 34.38% of Itaú Corpbanca's outstanding shares. Currently, Itaú Unibanco owns 65.62% of Itaú Corpbanca. The offer will feature a purchase price of
Itaú Unibanco Holding S.A. has announced that the Complete Financial Statements and Management Discussion and Analysis for the 4th quarter of 2022, ending December 31, 2022, are available on their Investor Relations website. A virtual meeting to discuss these results will take place on February 8, 2023 at 08:00 a.m. (EST). This meeting will provide shareholders insights into the bank's financial performance and outlook, highlighting important metrics and potential strategies moving forward.
Itaú Unibanco Holding S.A. has announced its projections for 2023, focusing on key financial metrics.
Key Highlights:
- Total credit portfolio expected to grow between 6.0% and 9.0%.
- Financial margin with clients projected to increase by 13.5% to 16.5%.
- Estimated financial margin with the market between R$ 2.0 bn and R$ 4.0 bn.
- Cost of credit projected between R$ 36.5 bn and R$ 40.5 bn.
- Commissions and fees growth forecasted at 7.5% to 10.5%.
- Non-interest expenses expected to grow between 5.0% and 9.0%.
- Consolidated efficiency ratio estimated below 40%.
- Effective tax rate expected between 28.5% and 31.5%.
Itaú Unibanco announced that it will disclose its 4Q22 financial results on February 7, 2023, after trading hours in both Brazil and the United States. An interactive meeting will follow on February 8, 2023, at 8 a.m. EST, to present these results with a Q&A session. Investors can register for the meeting at this link. The announcement aims to keep shareholders informed and engaged with the company's performance.
Itaú Unibanco Holding S.A. announced the approval of interest on capital payment of R$0.48618 per share, with a net payment of R$0.413253 after a 15% withholding tax. This payment, applicable to both common shares (ITUB3) and preferred shares (ITUB4), will be executed by April 28, 2023, based on the stockholding position from December 8, 2022. Shares will trade ex-rights starting December 9, 2022.
Itaú Unibanco Holding S.A. announces the availability of its Complete Financial Statements and Management Discussion for Q3 2022, ending September 30, 2022. Shareholders can access the information on their Investor Relations website. A virtual meeting to discuss the results is scheduled for November 11 at 08:00 a.m. (EST). This communication aims to keep investors informed about the company's financial performance and strategies.
Itaú Unibanco will disclose its 3Q22 results on November 10, after trading hours in Brazil and the United States. An interactive meeting to present these results will be held on November 11 at 8 a.m. EST, featuring a Q&A session. Key executives including CEO Milton Maluhy Filho, CFO Alexsandro Broedel, and DRI Renato Lulia Jacob will speak during the meeting. Investors can register for the session through the provided link and stay updated via the investor relations website.
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