Itaú Unibanco Holding S.A.
- Open
- 7.83
- Day high
- 8.13
- Day low
- 7.79
- Prev close
- 7.68
- Volume
- 24.4M
- Mkt cap
- $89.1B
- P/E (TTM)
- 9.8
- EPS (TTM)
- $0.82
- P/B
- 2.1
- P/S
- 1.2
- Yield
- 7.02%
- Per share
- $0.57
- ▼Insiders net selling -$494K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Itaú Unibanco Holding S.A. (ITUB) is a Financial Services company listed on NYSE. The stock is up 16% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering ITUB.
Itaú Unibanco Holding S.A. (ITUB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ITUB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $0.22 | $0.21 | -4.5% | $9.1B | -2.4% |
| May 5, 2026 | $0.22 | $0.20 | -9.1% | $8.9B | -5.6% |
| Feb 4, 2026 | $0.20 | $0.17 | -15.0% | $16.7B | +85.9% |
| May 8, 2025 | $0.16 | $0.18 | +12.5% | $16.3B | +113.5% |
| Feb 7, 2023 | $0.16 | $0.15 | -6.3% | $15.9B | +120.4% |
| Nov 10, 2022 | $0.16 | $0.16 | +0.0% | $12.5B | +81.5% |
| Feb 10, 2022 | $0.12 | $0.13 | +8.3% | $10.4B | +80.6% |
| Nov 4, 2021 | $0.13 | $0.13 | +0.0% | $5.4B | -13.8% |
| May 4, 2021 | $0.11 | $0.12 | +9.1% | $27.5B | +16.1% |
| Feb 1, 2021 | $0.11 | $0.13 | +18.2% | $35.1B | +17.9% |
| Nov 3, 2020 | $0.10 | $0.10 | +0.0% | $24.3B | -0.3% |
| May 4, 2020 | $0.13 | $0.08 | -38.5% | $11.8B | -56.6% |
ITUB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 8, 2026 | Orestes Vanzo Carlosofficer: SMEs Officer (retail segment) | Sell | 60,000 | $8.24 |
| May 11, 2026 | Santana Maria Helena dos Santos Fernandes dedirector | Grant | 20,998 | — |
| May 11, 2026 | Gon Cesar Nivaldodirector | Grant | 20,998 | — |
| May 11, 2026 | Bracher Candidodirector | Grant | 20,998 | — |
| May 11, 2026 | de Mattos Barretto Villela Ana Luciadirector | Grant | 20,998 | — |
| May 11, 2026 | Egydio Setubal Alfredodirector | Grant | 20,998 | — |
| May 11, 2026 | Egydio Setubal Robertodirector | Grant | 75,923 | — |
| May 11, 2026 | Villela Marino Ricardodirector | Grant | 48,460 | — |
| May 11, 2026 | Moreira Salles Pedrodirector | Grant | 75,923 | — |
| May 11, 2026 | Bodin de Moraes Pedro Luizdirector | Grant | 20,998 | — |
| May 11, 2026 | Antunes Veras Paulodirector | Grant | 20,998 | — |
| May 11, 2026 | Lutz Marcos Mdirector | Grant | 20,998 | — |
| May 11, 2026 | Moreira Salles Joaodirector | Grant | 20,998 | — |
| May 11, 2026 | Bloisi Rocha Fabriciodirector | Grant | 20,998 | — |
| Apr 20, 2026 | Guillinet Fajerman Sergioofficer: Chief People and MKT Officer | Sell | 39,477 | $9.53 |
Source: ITUB SEC Form 4 filings, latest Jul 8, 2026. For informational purposes only — not investment advice.
See the full ITUB insider & 13F page →Itaú Unibanco Holding S.A. company profile
Overview
Itaú Unibanco Holding S.A. (NYSE:ITUB) is Brazil's largest private bank and one of Latin America's leading financial institutions. Founded in 1924, the company emerged from the 2008 merger of Banco Itaú and Unibanco to create a financial powerhouse serving over 60 million customers. Headquartered in São Paulo, Brazil, Itaú Unibanco operates primarily in Brazil while maintaining strategic operations across Latin America. The bank has established itself as a dominant force in Brazilian retail and corporate banking, leveraging extensive digital transformation initiatives and maintaining strong capital positions throughout various economic cycles.
Business
Itaú Unibanco operates as a universal bank providing comprehensive financial services across three main business segments. The Retail Banking segment serves individual customers and small-to-medium enterprises (SMEs), offering deposit accounts, personal loans, credit cards, mortgages, and investment products. This segment represents the largest portion of the bank's operations, serving millions of Brazilian consumers across different income levels through both digital platforms and physical branches. The Wholesale Banking segment focuses on large corporate clients, providing commercial loans, trade finance, investment banking services, capital markets operations, and treasury services. This division serves multinational corporations, large Brazilian companies, and institutional clients requiring sophisticated financial solutions. The segment generates significant fee income through advisory services, underwriting, and complex financial structuring. The Activities with Market and Corporation segment encompasses the bank's proprietary trading, asset management, insurance operations, and other corporate functions. This includes property and casualty insurance, life insurance, reinsurance products, and investment management services. The bank also operates pension funds and provides wealth management services for high-net-worth individuals. Additionally, Itaú Unibanco maintains Latin American operations representing approximately 7% of total results, focusing primarily on corporate banking services across the region. The bank has strategically reduced its footprint in some markets, including the sale of its Argentine operations, while maintaining presence in key markets for corporate clients.
Revenue model
Itaú Unibanco generates revenue through multiple income streams typical of universal banking operations. The primary revenue source is net interest income, earned from the spread between interest paid on deposits and interest charged on loans. This includes personal loans, credit cards, mortgages, corporate loans, and trade finance facilities. The bank's massive loan portfolio of over BRL 1.3 trillion generates substantial interest income across retail and corporate segments. Fee-based income represents another significant revenue stream, including account maintenance fees, transaction fees, credit card interchange fees, investment banking advisory fees, underwriting commissions, and asset management fees. The bank's insurance operations generate premium income and investment returns from property, casualty, and life insurance products. Trading and market activities contribute through proprietary trading gains, foreign exchange operations, and treasury management services. The bank also earns income from its extensive branch network and digital platforms through service fees and cross-selling opportunities. Several factors influence the bank's profitability margins. Interest rate environment significantly impacts net interest margins, with higher rates generally benefiting the bank's asset-liability spread. Credit quality affects margins through loan loss provisions, with economic downturns requiring higher reserves. Competition from fintech companies and digital banks pressures fee income and forces investment in technology infrastructure. Regulatory changes, including potential tax reforms and capital requirements, can impact profitability. Economic growth in Brazil drives loan demand and reduces credit losses, while currency fluctuations affect Latin American operations. Digital transformation investments require significant upfront costs but promise long-term efficiency gains and improved customer experience.
Competitive moat
Itaú Unibanco possesses several competitive advantages that create a substantial moat in the Brazilian banking market. The bank's scale and market position as Brazil's largest private bank provides significant cost advantages, regulatory influence, and customer acquisition capabilities. With over 60 million customers and extensive branch networks, Itaú benefits from enormous economies of scale in technology development, risk management, and operational efficiency. The bank's comprehensive digital ecosystem represents a strong moat, with significant investments in technology infrastructure, data analytics, and artificial intelligence. The company employs over 470 data scientists and operates more than 1,300 AI models, creating sophisticated customer insights and operational efficiencies difficult for competitors to replicate. The ongoing migration to the "One Itaú" super app platform aims to create a unified digital experience that increases customer stickiness and cross-selling opportunities. Regulatory barriers in Brazilian banking create natural protection, as obtaining banking licenses requires substantial capital, regulatory approval, and compliance infrastructure. Itaú's strong capital position and regulatory relationships provide advantages in navigating complex Brazilian financial regulations. However, the moat faces challenges from fintech disruption, particularly in payments and digital lending, where nimble competitors can offer specialized services without legacy infrastructure costs. Open banking regulations may reduce switching costs and enable new competitors to access customer data. Economic volatility in Brazil creates cyclical challenges that can erode profitability during downturns. The bank's moat strength is moderate to strong in traditional banking services but faces pressure in digital-first financial services where customer loyalty is lower and switching costs are minimal.
Risks & safety
Itaú Unibanco demonstrates strong financial stability with adequate margin of safety for investors. • Capital Position: Common Equity Tier 1 ratio of 13.7% well above regulatory minimums, providing substantial buffer for economic downturns and regulatory changes • Liquidity: Strong cash position of approximately BRL 45 billion in cash and short-term investments, ensuring operational flexibility • Debt Management: Debt-to-equity ratio of 2.45x is typical for banking operations, with diversified funding sources including deposits and capital markets • Profitability: Consistent ROE above 20% demonstrates strong earnings generation capability and efficient capital allocation • Valuation Metrics: Trading at P/E ratio of 6.6x and P/B ratio of 1.44x, suggesting reasonable valuation relative to earnings and book value • Credit Quality: Improving NPL indicators and disciplined risk management approach following recent de-risking initiatives • Dividend Coverage: Strong dividend payments with payout ratios around 60%, indicating sustainable capital distribution while maintaining growth investments • Regulatory Compliance: Well-capitalized position provides flexibility to handle potential regulatory changes and tax reforms
Recent development
Over the past few years, Itaú Unibanco has undergone significant strategic transformation focused on digital modernization and operational efficiency. The bank completed a major de-risking initiative in its credit portfolio, particularly reducing exposure to higher-risk credit card segments by 83% since December 2022. This strategic repositioning aimed to improve credit quality and focus on more resilient customer segments across income levels. The most significant development has been the digital transformation program, including the migration from seven separate applications to two unified platforms: the "One Itaú" super app for retail customers and the Ion platform for corporate clients. The bank has successfully migrated over 5.3 million clients to the One Itaú platform, achieving post-migration Net Promoter Scores above 80 points. This consolidation aims to improve customer experience, increase cross-selling opportunities, and reduce operational complexity. Technology investments have been substantial, with the bank hiring over 700 technology employees and implementing more than 390 generative AI initiatives. The company has reduced high-impact incidents by 99% since 2018 and can now implement solutions 15 times faster than previously possible. These investments position the bank to compete effectively with fintech competitors while maintaining its traditional banking advantages. The bank has also expanded its ESG commitments, achieving BRL 400 billion in sustainable finance operations 1.5 years ahead of schedule and setting a new target of BRL 1 trillion by 2030. Additionally, Itaú has streamlined its Latin American operations by selling its Argentine business while maintaining focus on corporate banking services in key regional markets.
ITUB company profile · for informational purposes only — not investment advice.
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