ITUB Stock Recent News

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banco Itau (ITUB) have what it takes?

Investors may keep a tab on stocks like PECO, RICK, ITUB, LOW and LRCX, which have lately hiked their dividend payments.

Itaú Unibanco is a solid financial institution in Brazil with high net profit and a large customer base. In Q2, Itaú reported R$10bn in net income, outperforming peers like Banco do Brasil and Nu Holdings. Itaú's strong Q2 earnings solidified its track record, with robust quality indicators and a focus on security and predictability in the banking sector.

Itaú Unibanco Holding S.A. (NYSE:ITUB ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Renato Lulia - Group Head of Corporate Strategy, Investor Relations and Corporate Development Milton Maluhy - CEO Conference Call Participants Renato Meloni - Autonomous Tito Labarta - Goldman Sachs Eduardo Rosman - BTG Pactual Brian Flores - Citibank Thiago Batista - UBS Mario Pierri - BofA Arnon Shirazi - Santander Nicolas Riva - Bank of America Carlos Gomez - HSBC Renato Lulia Hello, good morning, everyone, and thank you for joining this videoconference to talk about our earnings for the second quarter of 2024.

An increase in operating revenues and managerial financial margin benefits Itau Unibanco's (ITUB) second-quarter earnings. However, a rise in expenses is a headwind.

Brazil's Itau Unibanco , Latin America's largest private lender by total assets, on Tuesday posted a 15.2% increase in its second-quarter net recurring profit compared to a year earlier.

With rapid expansion in Latin America, particularly in Brazil, Nu Holdings Ltd. (NU, Financial) has emerged to facilitate access to credit compared to traditional banking alternatives in the region.

Itau Unibanco (ITUB) is well-positioned to gain from its efforts to grow inorganically in Brazil and abroad. However, its elevated cost base is set to hinder the bottom-line growth in the upcoming period.

Itau Unibanco (ITUB) unveils its plan to merge with its subsidiary, Hipercard. This is set to help the company achieve greater synergy, streamline costs and improve efficiency.

Itau Unibanco's (ITUB) first-quarter earnings reflect higher revenues and strength in balance sheet position. However, an increase in expenses is a near-term concern.