Itau Unibanco Holding SA ADR
ITUB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@y | LOCK|!l | LOCK|<#w?k< |
Itau Unibanco Earnings: Higher Interest Income and Stable Credit Costs Drive Strong Earnings
Itaú Unibanco reported strong first-quarter earnings as the firm benefits from impressive loan growth. Net income increased 13.9% to BRL 11.1 billion thanks to strong revenue. These results translate to a return on equity of 22.5%, well above the firm's cost of capital.
