Itau Unibanco Holding SA ADR
ITUB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| P.Q | LOCK|h%S | LOCK|&TyG%l |
Itau Unibanco Earnings: Strong Loan Growth and Lower Credit Costs Continue to Drive Growth
Itau Unibanco reported strong fourth-quarter results as the firm benefits from accelerating loan growth and stable credit results. Net revenue increased 7.6% to BRL 41 billion, while net income increased 15.8% to BRL 10.9 billion. These results translate to a return on equity of 22.1%.
