Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Itaú Unibanco Holding S.A.
  6. News
  7. Summary
    ITUB4   BRITUBACNPR1

ITAÚ UNIBANCO HOLDING S.A.

(ITUB4)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Itaú Unibanco S A : Brazil's Itau beats estimate on lower provisions, trading gains

05/03/2021 | 06:51pm EDT

SAO PAULO, May 3 (Reuters) - Brazil's biggest lender, Itau Unibanco Holding SA, on Monday reported better-than-expected first-quarter profit, as loan-loss provisions for bad loans fell and trading gains rose.

Recurring net income, which excludes one-off items, came in at 6.398 billion reais , more than 11% above an estimate of 5.753 billion reais compiled by Reuters and 63.6% above results of a year earlier.

Provisions fell by 59.2% from last year, when Itau set aside billions of reais to cover potential losses stemming from the coronavirus pandemic.

The decline in provisions indicates that the bank believes the brutal second of wave of pandemic that Brazil is undergoing will not lead to a further deterioration in asset quality in the coming months.

Its 90-day default ratio remained stable at 2.3%, despite a higher loan delinquency with small companies.

The lender's net interest income also rose by 4.7% from a year earlier, to 18.634 billion reais, driven by trading gains as results with clients dropped.

Return on equity climbed to 18.5% from 12.8% a year ago, and also above the previous quarter.

($1 = 5.4395 reais) (Reporting by Carolina Mandl/ Editing by Leslie Adler and Sam Holmes)


© Reuters 2021
All news about ITAÚ UNIBANCO HOLDING S.A.
05/13MATERIAL FACT : Payment of Interest on Capital
PU
05/12ITAÚ UNIBANCO S A  : Teste (Portuguese Only)
PU
05/12ITAÚ UNIBANCO S A  : ITAÚ UNIBANCO - ANNOUNCEMENT TO THE MARKET - MATERIAL SHARE..
PU
05/10Itaúsa 1Q Net Income Rose to BRL2.2 Billion From Year-Earlier BRL1.0 Billion
DJ
05/10FORMULÁRIO INDIVIDUAL : Negociação de Valores Mobiliários pela própria companhia..
PU
05/07ITAÚ UNIBANCO S A  : Ownership of Itaú Unibanco Holding S.A. - Preferred
PU
05/06ITAÚ UNIBANCO S A  : Material Shareholding
PU
05/06ITAÚ UNIBANCO S A  : Itaú unibanco - summarized minutes of the annual general st..
PU
05/06ITAÚ UNIBANCO S A  : Summarized Minutes of the Annual General Stockholders' Meet..
PU
05/06ITAÚ UNIBANCO S A  : Final detailed voting map - Extraordinary General Stockhold..
PU
More news
Financials
Sales 2021 116 B 22 012 M 22 012 M
Net income 2021 25 074 M 4 755 M 4 755 M
Net Debt 2021 - - -
P/E ratio 2021 11,8x
Yield 2021 3,97%
Capitalization 267 B 50 680 M 50 562 M
Capi. / Sales 2021 2,30x
Capi. / Sales 2022 2,07x
Nbr of Employees 97 097
Free-Float 53,6%
Chart ITAÚ UNIBANCO HOLDING S.A.
Duration : Period :
Itaú Unibanco Holding S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ITAÚ UNIBANCO HOLDING S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 34,37 BRL
Last Close Price 29,00 BRL
Spread / Highest target 34,5%
Spread / Average Target 18,5%
Spread / Lowest Target -6,90%
EPS Revisions
Managers and Directors
NameTitle
Milton Maluhy Filho Chief Executive Officer
Alexsandro Broedel Lopes Chief Financial Officer
Roberto Egydio Setúbal Co-Chairman
Pedro Moreira Salles Co-Chairman
Gustavo Jorge Laboissière Loyola Independent Director
Sector and Competitors