Itaú Unibanco gains after defaults, provisions guidance fall

SAO PAULO Tue Feb 5, 2013 7:16am EST

SAO PAULO Feb 5 (Reuters) - Shares in Itaú Unibanco Holding SA gained on Tuesday after Brazil's second biggest lender reported a slump in loan delinquencies and released a better-than-expected outlook for bad-loan provisions for 2013.

Preferred shares of Itaú jumped 2.3 percent to 34.14 reais in early Tuesday trading. The bank released fourth-quarter earnings earlier in the day.

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