|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||8.84 - 9.01|
|52 Week Range||6.57 - 10.80|
|Beta (3Y Monthly)||0.06|
|PE Ratio (TTM)||14.02|
|Forward Dividend & Yield||0.05 (0.52%)|
|1y Target Est||N/A|
Brazilian jeweler Vivara has hired advisors for an initial public offering, two sources with knowledge of the matter said on Thursday. The sources, who requested anonymity due to the private nature of the talks, said Vivara has hired the investment banking units of Bank of America Corp and Itau Unibanco Holding SA to manage the transaction, as well as broker XP Investimentos. Vivara aims to use the proceeds to expand its stores network.
Odebrecht SA's failure to sell its controlling stake in petrochemical company Braskem SA to LyondellBasell Industries NV and lack of cash are complicating the task of restructuring 80 billion reais ($20.67 billion) in debt owed by the corruption-ensnared conglomerate, three sources with knowledge of the matter said. The conglomerate was counting on Braskem dividends to service its debt. LyondellBasell said on Tuesday it ended talks with Odebrecht SA to buy Braskem "after careful consideration" but did not elaborate further.
It’s shaping up to be a meager year for issuance in the region, with Itau Unibanco Holding SA forecasting $65 billion to $75 billion of new dollar debt sales. Latin America’s economic output is expected to grow just 1.4% this year, held back by slowdowns in Brazil and Mexico, a never ending crisis in Argentina and Venezuela’s collapse.
In addition, Moody's affirmed BIA's ba3 adjusted baseline credit assessment and Ba3(cr) long-term counterparty risk assessment (CRA). At the same time, the global and national scale long-term foreign currency deposit ratings of B3 and Baa1.ar, the Not Prime global scale short-term deposit rating, and the NP(cr) short-term counterparty risk assessment (CRA) were all affirmed. The ratings have a stable outlook.
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Mitsubishi UFJ (MUFG) reports decline in earnings for the fiscal 2018 (Mar 31, 2019) on account of lower net interest income and net trading profits.
PagSeguro missed Q1 estimates after the close Tuesday, a day after rival Brazilian payments stock StoneCo reported steep increases in earnings and revenue
Brazil's largest private lender, Itaú Unibanco Holding SA, plans to close 400 branches in the country over the next two years, two sources with knowledge of the matter said. Itaú's move comes as an increasing volume of financial transactions migrates to digital platforms. The bank had by the end of March 195 digital branches that could absorb some of the employees who will be laid off with the closure of branches.
Brazil's largest private-sector lender, Itaú Unibanco Holding SA, will launch an instant payments platform by the third quarter that uses QR codes, adding fuel to the fierce competition among card processors. Itaú's new platform, called Iti, will work through an app connecting individuals and merchants and will be available to both clients and nonclients of the bank, it said on Monday. Merchants using Iti will pay a fee of 1% per transaction and will receive payments instantly - cheaper than fees currently charged by many card processors.
The CEO of Brazil's largest private-sector lender Itaú Unibanco Holding SA said on Friday there is no sign that the fierce competition among card processors in the country will cool down. Chief Executive Candido Bracher said the bank reduced its 2019 targets for fee income and financial margins with clients after its card processor Rede decided to stop charging interest rates to advance payments for merchants who use its machines and pay them in two days instead of the usual 30-day period. Bracher said, however, the cut in operating expenses is related to Brazil's slower-than-expected economic recovery and will affect all Itaú's areas.
Itau Unibanco's (ITUB) first-quarter 2019 earnings highlight higher revenues, partly muted by elevated expenses and provisions.
Brazil's largest private-sector lender Itau Unibanco Holding SA posted a higher first-quarter recurring profit on Thursday, but set lower targets for gains with clients in 2019, indicating it sees fiercer competition for consumers. Itau revised its 2019 guidance nearly three months after releasing its estimates, as competition sharply rose among credit card processors. Itau owns Rede, and has decided to stop charging interest rates to advance payments for merchants using its machines.
Brazil's largest private-sector lender Itau Unibanco Holding SA posted a first-quarter recurring profit of 6.87 billion reais on Thursday, up 7.1 percent from the same period one year earlier. Itau's recurring ...
Deutsche Bank's (DB) Q1 earnings reflect benefits from cost-saving efforts, growth in loans and deposits and a recovery in assets under management.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Banco Itau Argentina S.A. New York, April 25, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco Itau Argentina S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
For the first quarter, UBS Group (UBS) reports decline in fees and commissions and lower interest income, partially offset by fall in expenses.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Banco Itau Uruguay S.A. New York, April 23, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco Itau Uruguay S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Brazil's biggest private sector lender Itaú Unibanco Holding SA said its card processor unit Rede will continue to be profitable despite a decision to stop charging interest rates and repaying merchants using its machines in two days, a bank executive said on Thursday evening. Rede CEO Marcos Magalhães told Reuters the card processor decided to advance payments to merchants in as little as two days, compared with the usual 30-day period, in order to close the gap with international practices. The decision is effective May 2 and includes zeroing interest rates.
Mitsubishi's (MUFG) focus on delivering three-year business plan, which includes expansion of global presence is likely to help bolster financials.
To lower losses at its struggling operations in the United States and Europe, Nomura (NMR) intends to cut jobs and reduce branches across wholesale business.