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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.

News
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Itaú Unibanco invites stakeholders to join its virtual event on September 1, 2022, from 8 a.m. to 11 a.m. EDT. The event aims to provide an update on the bank's strategic vision, emphasizing client-centricity. Key participants include co-chairmen Pedro Moreira Salles and Roberto Setubal, along with CEO Milton Maluhy Filho and the Executive Committee. For more information, visit the Itaú Unibanco investor relations website or the event's dedicated link.

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ITAÚ UNIBANCO HOLDING S.A. announces approval of stock buyback program
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Itaú Unibanco is hosting a virtual event on September 1st, from 8 a.m. to 11 a.m. EDT, aimed at sharing its strategic vision focused on client-centricity. Participants will receive updates directly from the bank's leadership. Registration for this event is available online. This initiative reflects the bank's commitment to transparency and engagement with its stakeholders.

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Itaú Unibanco Holding S.A. revised its 2022 projections, citing increased growth expectations across various metrics. The total credit portfolio is now projected to grow between 9.0% to 12.0% (previously 15.5% to 17.5%) for consolidated and 11.5% to 14.5% for Brazil. The financial margin with clients is estimated to grow between 20.5% to 23.5%. The company maintained its financial margin with the market and cost of credit estimates, while expecting commissions and fees to increase between 3.5% to 6.5%.

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Itaú Unibanco Holding S.A. announced the approval of interest on capital at R$0.306500 per share, netting R$0.260525 after a 15% income tax withholding. This payment will occur on August 30, 2022, based on the stockholding position as of August 18, 2022. Shares will trade ex-rights starting August 19, 2022. The interests apply equally to both common (ITUB3) and preferred shares (ITUB4). Further details can be accessed on their investor relations page.

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Itaú Unibanco will release its 2Q22 financial results on August 8, after market hours in both Brazil and the United States. A virtual meeting for presentation and Q&A will take place on August 9 at 9 A.M. EDT, featuring CEO Milton Maluhy Filho, CFO Alexsandro Broedel, and IRO Renato Lulia Jacob. Investors can register for the live session through the provided link to gain insights on the bank's performance and outlook.

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Itaú Unibanco has entered a share purchase agreement to acquire control of Avenue Holding Cayman Ltd, initially buying 35% for R$160 million. After regulatory approvals, a secondary acquisition brings the total to R$493 million. In two years, they will acquire an additional 15.1%, reaching 50.1% control. Avenue, a digital securities broker, aims to enhance Brazilian investors' access to international markets, with over 229,000 active clients and R$6.4 billion under custody. This aligns with Itaú's strategy to build a comprehensive investment ecosystem.

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Itaú Unibanco announces the availability of its 1st quarter 2022 Complete Financial Statements and Management Discussion and Analysis on its Investor Relations website. This update covers the financial performance for the period ending March 31, 2022. A virtual meeting to discuss the results is scheduled for May 9, 2022, at 09:00 a.m. EDT.

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Itaú Unibanco Holding S.A. announced that its first-quarter 2022 results will be published on its Investor Relations website on May 9, before Brazil and U.S. trading hours. An interactive meeting will follow, starting at 9 a.m. EDT, featuring CEO Milton Maluhy Filho, CFO Alexsandro Broedel, and Renato Lulia Jacob, Group Head of Investor Relations. Investors are invited to register on the Company’s Investor Relations website to participate in the Q&A session.

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Itaú Unibanco Holding S.A. (NYSE: ITUB) is set to disclose its 1Q22 financial results on May 9, 2022, before market opening in both Brazil and the US. The company will host an interactive meeting featuring a Q&A session starting at 9 AM EDT, where key executives including CEO Milton Maluhy Filho and CFO Alexsandro Broedel will present the results. Stakeholders can register for the event via the Company’s Investor Relations website to stay updated on financial performance and strategic direction.

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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