Itau Unibanco (ITUB) Thrives on Buyouts Amid High Expenses [Yahoo! Finance]
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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US:NYSE Investor Relations:
itau.com.br/investor-relations
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Source: Yahoo! Finance
The company is also expanding its footprint globally through strategic acquisitions. However, elevated expenses, weak credit quality and intense competition remain near-term concerns. In 2022, the company acquired an 11.4% equity stake in XP Inc. for R$8 billion. Further, Itau Unibanco completed the first phase of acquiring Ideal Holding on Mar 31, 2023, to bolster its investment ecosystem. As of Dec 31, 2023, ITUB's ownership interest in Zup IT Servicos was 72.51%. The buyout will aid in the development of digital transformation projects and offering functionalities and digital products to its customers. These efforts to diversify product offerings are expected to support top-line growth in the upcoming quarters. Itau Unibanco displayed growth in revenues from commissions and fees, and insurance operations over the past few years. The metric witnessed a compound annual growth rate (CAGR) of 3.9% over the last four years ending 2023. The uptrend was driven by a rise in asset manag
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ITUB
News
- ITAÚ UNIBANCO - Interactive Meeting 1Q24PR Newswire
- ITAÚ UNIBANCO 1Q24 ResultsPR Newswire
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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