Previous close | 0.8500 |
Open | N/A |
Bid | 0.3500 |
Ask | 1.1500 |
Strike | 4.00 |
Expiry date | 2025-01-17 |
Day's range | 0.8500 - 0.8500 |
Contract range | N/A |
Volume | |
Open interest | 1 |
An increase in expenses, credit costs and net trading loss affect Mitsubishi UFJ's (MUFG) earnings for fiscal 2022. Nonetheless, rising gross profits, NII, net fees and commissions are positives.
ITUB vs. IBN: Which Stock Is the Better Value Option?
Increased operating revenues and managerial financial margin are partially offset by escalating costs for Itau Unibanco (ITUB) in first-quarter 2023.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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? Let's find out.
ITUB vs. HDB: Which Stock Is the Better Value Option?
The chief executive of Brazil's biggest private lender Itau Unibanco said on Wednesday that the accounting inconsistencies that led retailer Americanas SA to request bankruptcy protection represent a case of 'fraud'. Milton Maluhy Filho's remarks came after Itau, which had a multi-million-dollar exposure to Americanas, had to set aside more cash for bad loans in the fourth quarter. Maluhy added that Itau has not identified any case similar to that of Americanas, which reported around $8 billion in debt after disclosing "inconsistencies" in its accounting.
Itau Unibanco (ITUB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such as BTG Pactual, Bradesco,Santander Brasil, Itaú Unibanco Holding and Banco do Brasil have around 15 billion reais in loans with Americanas, according to analyst reports. Analysts estimate the banks may provision around 30% of their loans in the fourth quarter, which would be equivalent to 4.5 billion reais ($890 million), even with bankruptcy protection taking place in January, as a precautionary measure allowed by the Brazilian central bank.
ITUB vs. HDB: Which Stock Is the Better Value Option?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Higher revenues support Itau Unibanco's (ITUB) Q3 earnings. However, an increase in non-interest expenses hurt the results to some extent.
Shares of several Brazilian banks (and Brazilian stocks in general) rose today after results for the first round of the country's presidential election were reported. Shares of Banco Santander Brasil (NYSE: BSBR) were up roughly 9.2% as of 2:01 p.m. ET. Banco Bradesco (NYSE: BBD) climbed 10.2%, and Itau Unibanco Holding (NYSE: ITUB) traded nearly 10% higher as well.
T-Mobile US, NextEra Energy, Amgen, 3M and Itau Unibanco Holding are part of The Zacks top Analyst Blog .
Today's Research Daily features new research reports on 16 major stocks, including T-Mobile US, Inc. (TMUS), NextEra Energy, Inc. (NEE) and Amgen Inc. (AMGN).
The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory.
In the credit portfolio, I'd like to highlight BRL 1,084 billion, a growth of 5% and consolidated 5.5% in Brazil, I'll give you more flavor to that briefly. The annualized average margin achieved 8.4%, a growth of 0.5 percentage points in the quarter and 9.2% in Brazil growth of 0.3 percentage points.
Higher revenues support Itau Unibanco's (ITUB) Q2 earnings. However, increase in non-interest expenses hurt the result to some extent.
SAO PAULO (Reuters) -Itau Unibanco on Monday beat profit expectations and substantially raised its loan growth forecast for this year even as it boosted provisioning for bad credits, reflecting higher Brazilian interest rates. Brazil's largest lender said second-quarter recurring net profit rose 17.4% from the previous year to 7.67 billion reais ($1.50 billion), beating analyst expectations of 7.48 billion reais, as compiled by Refinitiv. The bank also said its loan book is likely to grow between 15.5% and 17.5% this year, above a previous estimate of 9%-12%.
Here is how Hersha Hospitality (HT) and Banco Itau (ITUB) have performed compared to their sector so far this year.