Itaú Unibanco Posts Lower Q3 Profit
Itaú Unibanco Holding SA (NYSE: ITUB) reported a drop in its third-quarter profit.
Itaú Unibanco's quarterly recurring profit dropped 4.8% from the prior three months to 3.412 billion reais ($1.68 billion). However, analysts were expecting profit of 3.480 billion reais.
Its net interest income declined 4.8% to 12.820 billion reais.
Itaú Unibanco shares closed at $14.57 yesterday.
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