Itau Unibanco Holding (NYSE:ITUB) Stock, Quote.Headers.trade-ideas

Itau Unibanco Holding

Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.

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ITUB

Itaú Unibanco Holding S.A. (NYSE: ITUB) has announced a corporate internal restructuring plan. This will include the merger of its wholly-owned subsidiary, Hipercard Banco Múltiplo S.A. (&#34;Hipercard&#34;), subject to approval from the Central Bank of Brazil.

Itau Unibanco Announces Merger Proposal With Hipercard

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Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares)

Itau Unibanco Holding SA

WIIM

Itau Unibanco shares are trading lower after UBS downgraded the stock from Buy to Neutral.

UBS downgrades Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) from Buy to Neutral.

Downgrades

UBS Downgrades Itau Unibanco Holding to Neutral

Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.19 by 5.26 percent. The company reported quarterly sales of $8.02 billion which beat the analyst consensus estimate of $7.70 billion by 4.14 percent. This is a 1.00 percent decrease over sales of $8.11 billion the same period last year.

Itau Unibanco Holding Q2 2024 Adj EPS $0.20 Beats $0.19 Estimate, Sales $8.02B Beat $7.70B Estimate

Ita&uacute; Unibanco Holding S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/itub#NYSE">ITUB</a>) has announced a corporate internal restructuring plan. This will include the merger of its wholly-owned subsidiary, Hipercard Banco M&uacute;ltiplo S.A. (&quot;Hipercard&quot;), subject to approval from the Central Bank of Brazil. The cost associated with executing and implementing the transaction is estimated to be approximately R$180,000 ($34,843). 
As part of the effort, all activities currently managed by Hipercard, including the administration of bank cards, will be transferred to Ita&uacute; Unibanco. The primary purpose of this merger is to achieve greater synergy among the companies and activities of the ITUB conglomerate. This will help streamline costs and enhance efficiency. 
Following the completion of the transaction, Hipercard will be dissolved as an entity and its assets will be taken over by ITUB. This will lead to a reduction in maintenance costs, rationalization in administrative and commercial activities and an improvement in the overall corporate structure. 
Ita&uacute; Unibanco will take over Hipercard&#39;s equity worth R$2.68 billion ($518 million). The merger will not result in any increase in capital or the issuance of new shares of ITUB. There will be no exchange ratio. Also, rules relating to withdrawal rights for dissenting shareholders will not apply. Overall, the transaction will not have any financial impact on Ita&uacute; Unibanco. 
This strategic move highlights ITUB&#39;s ability to adapt to the trends of the rapidly evolving market and strengthen its competitive placement. Through such efforts, the company is well-poised to improve its market leadership and drive sustainable growth in the long run.
Over the past six months, the company&#39;s shares on the NYSE have lost 3.1% against the industry&#39;s growth of 14.4%. 
&nbsp;&nbsp;<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9d/67596.jpg?v=56193037" /> 
Image Source -&nbsp;Zacks Investment Research
At present, ITUB carries a Zacks Rank #3 (Hold).
<h3>Stocks to Consider</h3>
Some better-ranked foreign finance stocks are Bancolombia S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cib#NYSE">CIB</a>) and Banco Macro S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bma#NYSE">BMA</a>). 
Bancolombia S.A.&#39;s current-year earnings have been revised upward marginally over the past 30 days. Shares of CIB have gained 26.4% over the past six months. The stock currently sports a Zacks Rank #1 (Strong Buy). 
The consensus estimate for Banco Macro&#39;s current-year earnings have been revised 29.6% upward over the past 30 days. Over the past three months, shares of BMA have gained 46.5%. The stock currently flaunts a Zacks Rank #1.
<a href="https://www.zacks.com/stock/news/2280215/itau-unibanco-itub-announces-merger-proposal-with-hipercard?cid=CS-BENZ-FT-analyst_blog|company_news_-_finance_sector-2280215">To read this article on Zacks.com click here.</a>

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Shares of several bank stocks are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

Itau Unibanco Banco Holding shares are trading lower after the company reported better-than-expected Q4 revenue results.

Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) reported its Q4 earnings results on Monday, February 5, 2024 at 04:00 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Itau Unibanco Holding reported in-line EPS of $0.19 versus an estimate of $0.19.
Revenue was up $1.08 billion from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 3.67% increase in the share price the next day.
Here's a look at Itau Unibanco Holding's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.19</td>
<td>0.17</td>
<td>0.17</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.19</td>
<td>0.18</td>
<td>0.16</td>
<td>0.15</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>8.34B</td>
<td>7.61B</td>
<td>7.41B</td>
<td>7.03B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>8.10B</td>
<td>8.11B</td>
<td>7.21B</td>
<td>7.20B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Itau Unibanco Holding <a href="https://www.benzinga.com/quote/ITUB/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Itau Unibanco Holding: Q4 Earnings Insights

Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) reported quarterly earnings of $0.19 per share which met the analyst consensus estimate. This is a 26.67 percent increase over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $8.27 billion which beat the analyst consensus estimate of $7.99 billion by 3.55 percent. This is a 14.95 percent increase over sales of $7.20 billion the same period last year.

Itau Unibanco Holding Q4 Adj EPS $0.19, Inline, Sales $8.27B Beat $7.99B Estimate

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Earnings Scheduled For February 5, 2024

Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here's what investors need to know before the announcement.
Analysts estimate that Itau Unibanco Holding will report an earnings per share (EPS) of $0.19. 
Itau Unibanco Holding bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 3.67% increase in the share price the next day.
Here's a look at Itau Unibanco Holding's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.19</td>
<td>0.17</td>
<td>0.17</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.19</td>
<td>0.18</td>
<td>0.16</td>
<td>0.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.67%</td>
<td>-0.89%</td>
<td>1.93%</td>
<td>8.99%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706882453_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Itau Unibanco Holding were trading at $6.63 as of February 01. Over the last 52-week period, shares are up 36.55%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ITUB/earnings">To track all earnings releases for Itau Unibanco Holding visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Itau Unibanco Holding's Earnings Outlook

Itau Unibanco Holding's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) short percent of float has risen 22.58% since its last report. The company recently reported that it has 36.52 million shares sold short, which is 0.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Itau Unibanco Holding Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705506318_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Itau Unibanco Holding has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Itau Unibanco Holding's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Itau Unibanco Holding's peer group average for short interest as a percentage of float is 0.79%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Itau Unibanco Holding?

B of A Securities analyst Mario Pierry upgrades Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) from Neutral to Buy and raises the price target from $6.6 to $8.

Upgrades

Price Target

B of A Securities Upgrades Itau Unibanco Holding to Buy, Raises Price Target to $8

Itau Unibanco Holding's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) short percent of float has risen 13.21% since its last report. The company recently reported that it has 28.92 million shares sold short, which is 0.6% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Itau Unibanco Holding Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703779218_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Itau Unibanco Holding has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Itau Unibanco Holding's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Itau Unibanco Holding's peer group average for short interest as a percentage of float is 0.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Itau Unibanco Holding's Recent Short Interest

Thursday marks the last chance for investors to receive the next dividend payout from Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a monthly dividend of 0.36 cents per share. On Friday, Itau Unibanco Holding will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 0.36 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ITUB as of the end of Thursday's session are eligible to receive the 0.36 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 12, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/ITUB">Monitor live stock price updates for Itau Unibanco Holding on Benzinga.</a>

Dividends

Itau Unibanco Holding: Dividend Insights

BANC

BHLB

CBSH

EGBN

FFBC

FFIC

FRME

FULT

HBAN

HBNC

IBTX

MOFG

SFNC

UBSI

Shares of bank stocks are trading higher amid overall market strength after the Fed left rates unchanged and most Fed officials expect rate cuts in 2024-2026.

U.S. equity may have soared to nice heights in 2023. Growth stocks, especially those belonging to the Tech sector, have been leading the way. 
The market benchmark S&amp;P 500 index tracking ETF — the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — is up 23.22% for the year as we head towards the 2023 close. 
There is, however, another ETF that has returned more to investors this year <a href="https://www.benzinga.com/topic/s-p-500-index">than the SPY</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13104517/EWZ-vs-SPY-YTD.jpg" alt="" class="wp-image-160659" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13104517/EWZ-vs-SPY-YTD.jpg 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13104517/EWZ-vs-SPY-YTD-300x260.jpg 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The blue line above represents the iShares Inc iShares MSCI Brazil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWZ#NYSE">EWZ</a>). It returned 32.27% in the year so far; 9% over and above what investors got from putting their money into U.S. equity. 
Let&#8217;s look at some stocks that helped drive this outperformance.
Petroleo Brasileiro SA Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>): This Brazilian integrated oil and gas company&#8217;s stock is up 59% YTD. With its preferred shares, PBR stock commands over 15% of the EWZ portfolio. Petrobras has a market cap nearing $100 billion. The company is focused on rapid production growth and strong returns.
With a unique portfolio, it plans to spend over $100 billion over the next five years, growing production by double digits. Balance sheet issues have been resolved and the business is capable of providing significant returns for shareholders, mostly in the form of dividends.
Read: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35959053/crypto-exchange-okx-launches-in-brazil-targets-latin-americas-largest-market">Crypto Exchange OKX Launches In Brazil, Targets Latin America&#8217;s Largest Market</a>
Itau Unibanco Holding SA ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>): One of Brazil&#8217;s largest private banks, Itau Unibanco commands 7.82% of the EZ portfolio. The stock is up about 53% YTD. With a reported ROE of more than 21%, Itaú Unibanco&#8217;s financial performance demonstrates exceptional efficiency. The bank keeps its NPL levels steady at 3% and maintains strong asset quality. 
It is anticipated that the departure from Itaú Argentina will not substantially affect 2023 profitability.
Banco do Brasil SA BB Brasil (OTCPK: BDORY): This state-controlled bank in Brazil commands 2.61% of the EWZ portfolio. The stock is up over 75% YTD. The bank performs well, surpassing domestic counterparts with a 21.3% ROE. 
The increase in delinquency rates and the quarter&#8217;s lower net profit growth have raised some mild concerns. The loan portfolio, however, grew significantly year over year.
Now Read: <a href="https://www.benzinga.com/markets/equities/23/12/36215932/growth-stocks-outpace-value-by-10-as-2023-nears-end-will-the-trend-continue">Growth Stocks Outpace Value By 10% As 2023 Nears End: Will The Trend Continue?</a>
Photo: Shutterstock

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