UPDATE 1-Itau Unibanco to tackle costs, grow fees in tougher year [Reuters]
Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB)
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm
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Source: Reuters
UPDATE 1-Itau Unibanco to tackle costs, grow fees in tougher year (Adds CEO comments, shares) By Carolina Mandl SAO PAULO, Feb 11 (Reuters) - Brazil’s largest lender, Itaú Unibanco Holding SA, is banking on fee income growth and lower operating expenses to boost 2020 profits during a challenging year for the country’s big banks. On Monday, Itau said its fee income should grow between 4.5% and 7.5% in 2020, above Itaú’s national inflation forecast, while the bank is aiming to trim costs by up to 2%. Chief Executive Candido Bracher said the bank will continue to shut branches this year, although more slowly than in 2019, having ended the year with 4,504 branches, or around 400 fewer than a year earlier. Itaú’s cost-cutting push comes amid fiercer competition from financial startups and more intense regulatory pressure. Last year, Brazil’s government capped overdraft interest rates, in a move seen hurting banks’ 2020 results. Bracher said there was no easy way for the bank to achieve a t
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News
- ITAÚ UNIBANCO - Interactive Meeting 1Q24PR Newswire
- ITAÚ UNIBANCO 1Q24 ResultsPR Newswire
- Scotiabank Plans to Enter Brazil Local Debt Markets, Boost Team [Yahoo! Finance]Yahoo! Finance
- Scotiabank Plans to Enter Brazil Local Debt Markets, Boost Team [BNN Bloomberg (Canada)]BNN Bloomberg
- Itau Unibanco (ITUB) Thrives on Buyouts Amid High Expenses [Yahoo! Finance]Yahoo! Finance
ITUB
Earnings
- 8/8/23 - Beat
ITUB
Sec Filings
- 4/26/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- ITUB's page on the SEC website