Latest news with #ItauUnibanco
Yahoo
12-08-2025
- Business
- Yahoo
Itau Unibanco Holding SA ADR (ITUB) Q2 Results Impress on Loan Growth
Itaú Unibanco Holding S.A. (NYSE:ITUB) is one of the best low-priced stocks to buy right now. On August 6, the company delivered strong second-quarter results, benefiting from loan growth despite high interest rates in Brazil. Revenue in the quarter was up 9.4% year over year to BRL45.7 billion. Net income increased to BRL11.5 billion, resulting in earnings per share of BRL 1.050, better than the analyst estimate of BRL 0.186. Operating revenues for the first half of the year increased 1% to BRL88.1 billion. The efficiency ratio in the quarter totaled 38.4%, down 10 basis points from the first half of 2014. Cost of credit charges rose 5.3% to R$17.4 billion. The Managerial financial margin increased 12.75 year over year to R$61.5 billion. Itaú Unibanco Holding S.A. (NYSE:ITUB) is a Brazilian financial conglomerate that provides a wide range of banking and financial services. It is one of the largest financial institutions in Latin America and offers services such as retail banking, corporate and investment banking, asset management, and private banking. While we acknowledge the potential of ITUB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
06-08-2025
- Business
- Yahoo
Itau Unibanco H1 Earnings & Revenues Rise Y/Y, Expenses Up
Itau Unibanco Holding S.A. ITUB reported recurring managerial results of R$21.7 billion ($3.94 billion) for the first half of 2025, which increased 8% year over year. Higher revenues and an increase in managerial financial margin supported the results. However, a rise in non-interest expenses acted as a spoilsport. ITUB's Revenues & Expenses Increase Operating revenues were R$88.1 billion ($16 billion) in the reported quarter, up 1% year over year. The managerial financial margin increased 12.7% year over year to R$61.5 billion ($11.2 billion). However, commissions and fees declined 2% year over year to R$22.7 billion ($4.1 billion). Non-interest expenses totaled R$32.3 billion ($5.8 billion), up 9.6% year over year. Investments in technology drove the increase in expenses. In the first half of 2025, the efficiency ratio was 38.4%, down 10 basis points from the first half of 2024. A decrease in this ratio indicates increased profitability. The cost of credit charges rose 5.3% on a year-over-year basis to R$17.4 billion ($3.1 billion). Itau Unibanco's Balance Sheet Position: Mixed Bag As of June 30, 2025, ITUB's total assets rose nearly 1% to R$2.87 trillion ($522.8 billion) from the figure reported as of June 30, 2024. Liabilities, including deposits, debentures, securities, borrowings and on-lending, totaled R$2.65 trillion ($483.1 billion), which rose 1% from the figure reported on June 30, 2024. As of June 30, 2025, Itau Unibanco's credit portfolio, including private securities and financial guarantees provided, rose 7% to R$1.4 trillion ($252.3 billion), compared to the figure reported on June 30, 2024. ITUB's Capital & Profitability Ratios Mixed As of June 30, 2025, the Common Equity Tier 1 ratio was 13.1%, unchanged from the figure reported on June 30, 2024. Annualized recurring managerial return on average equity was 21%, down from 21.1% in the first half of 2024. Our View on Itau Unibanco ITUB's first-half results were driven by a rise in the managerial financial margin. The declining efficiency ratio indicates an increase in profitability, which is a positive factor. Growth in the credit portfolio is also encouraging. However, a decline in commissions and fees, along with rising expenses, remains a key concern. Itau Unibanco Holding S.A. Price, Consensus and EPS Surprise Itau Unibanco Holding S.A. price-consensus-eps-surprise-chart | Itau Unibanco Holding S.A. Quote Itau Unibanco currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Foreign Banks HSBC Holdings HSBC reported second-quarter 2025 pre-tax profit of $6.33 billion, which declined 29% from the prior-year quarter. HSBC's results were hurt by a fall in revenues, higher expected credit losses and other credit impairment charges and higher expenses. Deutsche Bank DB reported second-quarter 2025 earnings attributable to its shareholders of €1.49 billion ($1.75 billion) against the loss attributable to its shareholders of $143 million in the year-ago period. DB's results were aided by increased revenues and lower expenses. Lower provision for credit losses was another positive. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Itau Unibanco Holding S.A. (ITUB) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Business
- Yahoo
Lender Itau hikes net interest income outlook as profit edges above forecasts
SAO PAULO (Reuters) -Brazilian lender Itau Unibanco on Tuesday posted a 14.3% rise in second-quarter net recurring profit from a year earlier, slightly beating estimates while also upping its yearly projection for the growth of net interest income with clients. Itau, Latin America's most valuable bank by market value, reported an 11.5 billion reais ($2.09 billion) net recurring profit for the quarter through the end of June, compared to an estimate of 11.3 billion reais from analysts polled by LSEG. The Brazilian lender's annualized return on equity (ROE), a gauge of profitability, stood at 23.3%, rising from 22.4% a year earlier. The lender said it expects the net interest income (NII) with clients to grow between 11% and 14% this year, from 7.5% to 11.5% previously. Itau also revised the effective tax rate to between 28.5% and 30.5% this year, from a range between 27% and 29% previously. In a separate filing, Itau announced interest on equity to shareholders of about 0.36 real per share. ($1 = 5.5043 reais) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Business
- Yahoo
Lender Itau hikes net interest income outlook as profit edges above forecasts
SAO PAULO (Reuters) -Brazilian lender Itau Unibanco on Tuesday posted a 14.3% rise in second-quarter net recurring profit from a year earlier, slightly beating estimates while also upping its yearly projection for the growth of net interest income with clients. Itau, Latin America's most valuable bank by market value, reported an 11.5 billion reais ($2.09 billion) net recurring profit for the quarter through the end of June, compared to an estimate of 11.3 billion reais from analysts polled by LSEG. The Brazilian lender's annualized return on equity (ROE), a gauge of profitability, stood at 23.3%, rising from 22.4% a year earlier. The lender said it expects the net interest income (NII) with clients to grow between 11% and 14% this year, from 7.5% to 11.5% previously. Itau also revised the effective tax rate to between 28.5% and 30.5% this year, from a range between 27% and 29% previously. In a separate filing, Itau announced interest on equity to shareholders of about 0.36 real per share. ($1 = 5.5043 reais)
TimesLIVE
11-07-2025
- Business
- TimesLIVE
Brazil's Lula pledges retaliation to Trump tariffs but keeps diplomacy open
Lula said the government will set up a committee with Brazilian business leaders to 'rethink' the country's commercial policy with the US. He mentioned Brazil's new reciprocity law, passed soon after Trump made his first tariff announcements in April, that allows the government to respond with reciprocal measures in case other countries impose unilateral barriers to Brazilian products. Beyond imposing counter tariffs, the law would also allow Lula to restrict imports and investments and suspend intellectual property rights from US firms, among other measures. The US is Brazil's second-largest trading partner after China and has a rare trade surplus with Latin America's largest economy. Some market sectors, including aviation and banking, felt immediate pressure. Shares of some Brazilian firms declined on Thursday, with plane maker Embraer and major banks such as Itau Unibanco and Banco Santander posting losses. However, the tariffs could also inflict pain in the US by disrupting food prices, given Brazil's role as a major agricultural exporter of coffee, orange juice, sugar, beef and ethanol. The proposed 50% tariff would effectively halt the flow of Brazilian coffee to the US, its largest buyer, four trade sources told Reuters on Thursday. Brazilian industry lobby groups representing sectors such as coffee and oil issued statements on Thursday, urging a diplomatic solution. Josue Gomes da Silva, president of Sao Paulo industry group Fiesp, said: 'We hope diplomacy and balanced negotiations will prevail, despite ideologies and personal preferences, and that common sense will again guide the relationship between these two great sovereign nations.' Reuters
