The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) is a huge mover today! About 17.25M shares traded hands or 40.36% up from the average. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has risen 45.53% since March 29, 2016 and is uptrending. It has outperformed by 42.06% the S&P500.
The move comes after 9 months positive chart setup for the $73.56 billion company. It was reported on Oct, 31 by Barchart.com. We have $16.95 PT which if reached, will make NYSE:ITUB worth $30.16 billion more.
Analysts await Itau Unibanco Holding SA (ADR) (NYSE:ITUB) to report earnings on November, 1. They expect $0.28 earnings per share, down 3.45% or $0.01 from last year’s $0.29 per share. ITUB’s profit will be $1.71B for 10.73 P/E if the $0.28 EPS becomes a reality. After $0.29 actual earnings per share reported by Itau Unibanco Holding SA (ADR) for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.
Itau Unibanco Holding SA (ADR) (NYSE:ITUB) Ratings Coverage
Out of 8 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 2 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 25% are positive. Itau Unibanco Banco Holding SA has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 22. Scotia Capital initiated the stock with “Underperform” rating in Tuesday, March 15 report. Credit Suisse downgraded the stock to “Underperform” rating in Tuesday, October 13 report. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) earned “Neutral” rating by Citigroup on Thursday, October 15. Citigroup downgraded the shares of ITUB in a report on Friday, April 8 to “Sell” rating. The firm has “Overweight” rating given on Wednesday, April 27 by Barclays Capital. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, July 20. JP Morgan maintained the shares of ITUB in a report on Tuesday, August 16 with “Overweight” rating. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, March 29.
According to Zacks Investment Research, “BANCO ITAU -ADR’s main goal is to focus on an equilibrium between growth and profitability, aimed at always generating value for the stockholder in the long run.”
More news for Itau Unibanco Holding SA (ADR) (NYSE:ITUB) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Nasdaq.com‘s article titled: “Itau Unibanco Holding SA ADS (ITUB): New Analyst Report from Zacks Equity …” and published on January 06, 2014 is yet another important article.
ITUB Company Profile
Itau Unibanco Holding S.A. (Itau Unibanco Holding), incorporated on October 9, 1943, is a holding company. The Firm provides a range of financial services and products to individual and corporate clients in Brazil and abroad. The Firm operates through three divisions: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Firm is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange activities and other complementary activities, with emphasis on insurance, private pension plans, capitalization, securities brokerage and administration of credit cards, consortia, investment funds and managed portfolios. The Company’s distribution network is divided into standard channels, which include branches, customer site branches (which are banking service centers located at certain corporate clients) (CSBs), automatic teller machines (ATMs), telephones, and digital channels, such as Internet banking and mobile banking. The Company’s standard branch network reaches approximately 3,910 branches. It has over 25 branches in Brazil. The Company’s services and products include credit cards, payroll loans, vehicles, real estate financing and mortgages, consortia services fees, merchant acquirer, insurance, pension plans, premium bonds and retail banking.
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