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29 results for “ITUB4”

Itaú Unibanco Receives Key Preliminary U.S. Approval to Launch National Bank
Brazil's largest private bank, Itaú Unibanco, has secured conditional OCC approval to form 'Itaú Bank,' expanding its U.S. services.

Itaúsa Confirms R$ 2.8 Billion Interest on Own Capital Payment After Strong Q2 Earnings
Brazil's largest holding company, Itaúsa (ITSA4), greenlights a R$ 2.8B JCP payment for income investors.

Itaúsa Posts 7% Recurring Profit Growth, Confirms R$2.8 Billion JCP Payment Date
Brazilian holding company Itaúsa (ITSA4) reported R$4.3B in Q2 recurring net income and confirmed a R$2.8B Interest on Own Capital (JCP) payment.

Porto Seguro’s Porto Bank Credit Arm Profit Plunges 32.5% on Spiking Losses
Porto Seguro (PSSA3) Q2 net income was flat despite strong revenue, as a 66.7% spike in credit losses at Porto Bank signaled rising risk.

Ibovespa Drops 1.23% on Copom Caution and Geopolitical Risk; PETR4 Limits Loss
Brazil's benchmark Ibovespa fell to 175,546.36 points as the Central Bank’s cautious tone post-Selic cut dampened rate-sensitive stocks.

Itaú Unibanco Delivers R$12.4B Profit, 24.3% ROE as 'Swiss Watch' Strategy Stays on Track
Itaú Unibanco (ITUB4, ITUB ADR) reported R$12.4B recurring net income with high ROE, but tempered outlook for fee income.

Itaú Shares Drop as Robust Q2 Profit Hides Full-Year Service Revenue Guidance Cut
Itaú Unibanco reported a strong R$ 12.4 billion Q2 recurring profit, but a surprise cut to its fee income forecast weighed on the B3 stock.

Itaú Unibanco’s Core Lending Power, 24.3% ROE Overshadow Service Revenue Guidance Cut in Q2
Itaú reported R$ 12.4B recurring net income and a 24.3% ROE, but cut its fee revenue growth forecast, causing ITUB4 shares to dip.

Brazilian Real Volatility Spikes as USD/BRL Breaches Central Bank's R$5.10 Model Ahead of Expected Selic Cut
The USD/BRL touched R$5.1351 on Tuesday, rising past the BCB's internal exchange rate model ahead of the expected 25bp Selic rate cut.

ANBIMA to Detail AI Adoption and Tokenization Pilot Findings on August 7, Signaling Institutional Tech Shift
Brazilian capital market association ANBIMA will release key findings on AI adoption and DLT asset tokenization, defining the future regulatory landscape.

COPOM Poised to Deliver Fourth Consecutive Selic Rate Cut to 14.0%
Brazil's Central Bank is expected to cut the Selic rate by 25 bps on Wednesday, improving the outlook for interest-sensitive stocks.

Brazil Opens R$100 Billion Rural Debt Window as Banks Face Credit Risk
Brazil's CMN has regulated MP 1.376/2026, opening a R$100 billion rural debt renegotiation window that shifts credit risk directly onto major banks.

Ibovespa Falls 1.52% as Hot US PCE Print Fuels Global Risk-Off Sentiment
Brazil's Ibovespa and Brazilian Real weaken as surprisingly high US inflation data shifts Fed rate expectations.

Santander Brasil Q2 Profit Drops 17.6% on Provision Surge, Pulling Down Brazil Bank Stocks
Santander Brasil (SANB11) missed Q2 consensus with R$3.01B net income as loan-loss provisions spiked 20.6%, signaling broad credit risk.

Santander Brasil Q2 Profit Plummets 17.6% on High Provisions, Dragging Down Brazilian Bank Stocks
Santander Brasil reported Q2 recurring net income of R$ 3.01B, missing consensus, with ROE dropping to 12.5% and pressuring ITUB4 and BBDC4.

Santander Brasil ROE Plunges to 12.5% as Increased Provisions Sink Q2 Profit
Banco Santander Brasil (SANB11) missed consensus estimates with R$3.0 billion recurring net income, driving its ROE down to 12.5%.

Brazil’s R$530 Million Rural Insurance Cut Amplifies Credit Risk Ahead of Strong El Niño
Shortfall in the PSR budget leaves just 2.78% of Brazil’s farmlands insured, dramatically increasing default risk for lenders.

CNPS Vote Looms on INSS Loan Rate Cap, Putting Brazilian Bank Net Interest Margins at Risk
Brazil’s CNPS will vote on cutting the INSS payroll loan rate cap, a move that could directly squeeze the Net Interest Margin of major banks.

Selic Rate Decline Triggers Review of INSS Consigned Loan Cap
Brazil's Minister of Social Security confirms a potential reduction in the 1.85% monthly interest cap on INSS consigned loans, directly impacting major banks.

VC-Backed Asaas and LWSA’s Bling Escalate Brazil’s SME ‘Super App’ War, Threatening Incumbent Banks
Competition intensifies as Asaas targets R$2B revenue by 2027 while Locaweb's Bling integrates financial services, putting pressure on ITUB4 and BBDC4's core small-business lending.

Petrobras PETR4 Plummets on Oil Price Drop, Ibovespa Rallies Led by ITUB4 and Domestic Stocks
The Ibovespa rose 0.74% to 175,334.45 today, fueled by financial stocks, despite Petrobras (PETR4) sinking 2.84% on lower global oil prices.

Ibovespa Climbs Above 175,000 as Domestic Stocks Overtake Commodity Exporters on Geopolitical Easing
Brazil's Ibovespa rose 0.74% to 175,334.45, fueled by rate-sensitive financial and domestic names, while Petrobras shares dropped on lower oil prices.

BTG Real Estate FII Slashes Vacancy to 20% on Major Leases
BTG Pactual's EDGA11 fund secures key downtown Rio leases, boosting recurring rental revenues by 28% as B3 stocks and the Ibovespa index rally.

GPA Denies Favoritism as 98% Approve Debt Restructuring
Brazilian retailer GPA (PCAR3) denies creditor favoritism in its R$ 4.5 billion debt plan, securing a 98% approval rate amid minor creditor disputes.

Brazil Financial Fraud Registrations Rise 10% Under BC Rules
Financial fraud registrations in Brazil hit 9 million in H1 2026, a 10.26% rise driven by the Central Bank's Resolution 501 data-sharing mandates.

Ibovespa Plummets Over 1% on New 25% US Tariff
Brazil's Ibovespa index slid 1.24% to 173,825 points and the US dollar rose to R$ 5.10 as Washington confirmed a 25% tariff on Brazilian exports.

Brazil Credit Quality Worst in LatAm, Big Banks Resilient
UBS BB warns of deteriorating asset quality in Brazil amid high rates, while traditional banks show resilience over digital players.

Lula Launches Desenrola Adimplentes to Ease Debt Burden
Brazil's President Lula and Dario Durigan launch a preventive debt-refinancing program for low-income payers, potentially squeezing retail bank spreads.

BBAS3 Dividend Cuts Squeeze Yield Seekers as Agribusiness Defaults Rise
Banco do Brasil (BBAS3) slashes its dividend payout ratio to 30% for 2026 amid rising agricultural defaults, prompting income investors to reallocate capital.