|Bid||35.82 x 0|
|Ask||35.83 x 0|
|Day's Range||35.78 - 36.77|
|52 Week Range||31.11 - 39.79|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||13.89|
|Forward Dividend & Yield||0.45 (1.26%)|
|1y Target Est||N/A|
Brazilian wholesale bank Itau BBA expects share offerings and fixed income issues to grow over the next year, mainly fueled by a rebound in the country's economy, Chief Executive Caio Ibrahim David told journalists on Tuesday. The bank expects equity volumes to rise 20% from this year, adding that fixed income issuance is likely to grow 15%, global head of corporate and investment banking Joao de Biase said. Although this year has already been the biggest in a decade for share offerings from Brazilian companies, David said more Brazilian companies will use the capital markets to raise money and invest, as economic growth picks up.
Is Booking Holdings Inc. (NASDAQ:BKNG) a good place to invest some of your money right now? We are going to take a look at hedge fund activity surrounding BKNG as well as its peers like Bristol Myers Squibb Company (NYSE:BMY), CVS Health Corporation (NYSE:CVS), Itau Unibanco Holding SA (NYSE:ITUB), and Fidelity National Information Services Inc. (NYSE:FIS) […]
Brazilian antitrust watchdog Cade on Wednesday rejected Itau Unibanco Holding SA's appeal on a case involving its payments processor Rede for alleged anticompetitive practices. Cade determined that Itau cannot demand that merchants have checking accounts at the bank as a condition for pre-payment of sales by credit cards. Itau said it will continue to offer prepayments requiring clients to have checking accounts in the bank, as it obtained an injunction earlier this month allowing it to do so.
Political instability in Latin America has hit Itaú Unibanco Holding SA's businesses in the region, Chief Executive Officer Candido Bracher said on Tuesday. Bracher told reporters that Brazil's largest private-sector lender slowed down the pace of new loan disbursements in Argentina earlier this year, as it foresaw instability steaming from presidential elections. After the presidential election of Alberto Fernandez, a Peronist, Itaú will consider the disclosure of his future policies to decide on its business strategy in the country.
Brazil's biggest private-sector lender Itau Unibanco Holding SA posted on Monday a 10.9% gain in third quarter recurring net income, as loan growth and cost control offset higher provisions. Recurring net income, which excludes one-time items, came in at 7.165 billion reais ($1.78 billion) in the third quarter, in line with a Refinitiv analysts' consensus estimate. The bank's loan book picked up pace, rising 4.4% from the previous quarter to 689 billion reais, as corporate loans resumed growth.
Brazilian antitrust agency Cade opened an investigation into the country's largest private-sector lender, Itau Unibanco Holding SA, and its card processor Rede for alleged anticompetitive practices, according to a statement on Friday. Cade said Itau should not be able to demand that merchants have a checking account in the bank as a condition to advance credit card payments to them. In April, Itau said it would pay merchants in two days with no interest rates, compared with the usual 30 days, in an unprecedented market move.
Brazilian antitrust agency Cade opened an investigation into the country's largest private-sector lender, Itau Unibanco Holding SA, and its card processor Rede for alleged anticompetitive practices, according to a statement on Friday. Cade said Itau should not be able to require merchants to have a checking account in the bank as a condition to advance credit card payments to them. In April, Itau said it would pay merchants in two days, compared with the usual 30 days.
Brazilian stocks surged Tuesday after the country's Senate approved major social security reforms. Trade Brazilian stocks using these ETFs.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 28. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
Brazil’s largest private lender, Itau Unibanco Holding SA is keeping costs under control to compete with financial technology companies, executives told investors in a conference on Tuesday. The bank's Chief Financial Officer Milton Maluhy said adherence to an employee buyout program, for which 7,000 employees are eligible, was higher than expected, without giving a precise figure. Itau Co-Chairman Roberto Setubal said the bank is prepared to adapt to stronger competition from financial technology companies, or fintechs.
Brazilian lender Itau Unibanco Holding SA is shifting its payment services strategy to focus on its most profitable segments, a senior executive told Reuters, as competition in the card processing business has weighed on fees. "We don't want to focus on card processing for our larger clients.