News: Itau Unibanco Holding SA (ITUB.K)

ITUB.K on New York Consolidated

6.32USD
5 Feb 2016
Change (% chg)

$-0.04 (-0.63%)
Prev Close
$6.36
Open
$6.37
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$6.42
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$6.28
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20,601,731
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$12.12
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$5.48

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Fri, Feb 5 2016

Bradesco closes in on Itaú amid diverging Brazil outlook

SAO PAULO, Feb 5 Itaú Unibanco Holding SA , Brazil's largest private-sector bank, has for years traded at a premium to rival Banco Bradesco SA but many investors are betting the gap will narrow amid sharply diverging outlooks from the lenders.

UPDATE 1-Itaú sees ROE above cost of risk despite sharp profit drop

SAO PAULO, Feb 3 Returns at Itaú Unibanco Holding SA will end the year slightly above the cost of capital, meaning that Brazil's No. 1 bank by market value will create value for shareholders even as the country grapples with a deep recession, Chief Executive Officer Roberto Setubal said on Wednesday.

Brazil's Itaú sees profitability slightly above cost of capital

SAO PAULO, Feb 3 Itaú Unibanco Holding SA will generate return on equity slightly above the cost of capital this year, meaning that Brazil's largest bank by market value will keep creating value for shareholders even as the country grapples with a steep recession, Chief Executive Officer Roberto Setubal said.

UPDATE 4-Itaú slumps as outlook for provisions points to hard year

SAO PAULO, Feb 2 Plans by Itaú Unibanco Holding SA to boost loan-loss provisions faster than rivals this year drove its shares down sharply on Tuesday, as Brazil's deepest recession in more than a century and sluggish activity across Latin America bite hard.

Brazil's Itaú sees defaults rising further this year

SAO PAULO, Feb 2 Loan defaults at Itaú Unibanco Holding SA will continue to rise this year, though perhaps at a slower pace than in 2015, as a recession hampers consumers' and companies' ability to stay current on their debt, Chief Executive Officer Roberto Setubal said on Tuesday.

Brazil's Itaú sees provisions soaring, weak credit growth this year

SAO PAULO, Feb 2 Itaú Unibanco Holding SA , Brazil's largest non-government bank, announced on Tuesday the following operating estimates for this year: 1) Itaú's consolidated loan book, which includes guarantees and corporate debt holdings, is expected to grow between a negative 0.5 percent and a positive 4.5 percent this year, compared with an expansion of 4.6 percent in 2015. 2) Itaú targets interest income, or revenue from lending-related transactions, to grow between 2 percent

Itaú Unibanco beats profit estimate even as interest income falls

SAO PAULO, Feb 2 Itaú Unibanco Holding SA, Brazil's largest bank by market value, beats fourth-quarter profit estimates on Tuesday even as weak demand for credit drove interest income down.

Brazil's Petrobras tells analysts it may need further capex cuts - Itau BBA

SAO PAULO, Jan 15 Brazil's state-run oil company Petroleo Brasileiro SA is pressing ahead with the sale of $15 billion in assets but may need to make further cuts to its investment plan depending on oil prices, the company told analysts on Friday according to a client note from Itaú BBA.

UPDATE 2-Brazil's Itaú buys BTG Pactual's debt collector stake, trumps rival bid

SAO PAULO, Dec 31 Itaú Unibanco Holding SA, Brazil's No. 1 bank by market value, has agreed to pay Grupo BTG Pactual SA about 1.21 billion reais ($305 million) for a stake in a debt collection company and a pool of non-performing loans, in a last-minute bid that trumped a rival bid.

Deals of the day- Mergers and acquisitions

Dec 31 The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

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