- Itau’s recurring net income for the first quarter was R$11.13 billion, exceeding the estimate of R$10.99 billion.
- The bank reported net interest income of R$30.32 billion, which was also above the expected R$29.71 billion.
- Non-performing loans ratio improved to 2.3%.
- Return on average equity stood strong at 22.5%.
- Fee and commission income reached R$11.23 billion.
- Analysts’ ratings comprised 15 buy recommendations, 2 holds, and no sell suggestions.
A look at Itau Unibanco Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Itau Unibanco Holding S.A. is positioned for a positive long-term outlook based on a comprehensive analysis. The company scores well across various key factors, with above-average ratings in Dividend, Growth, and Momentum. This indicates a strong performance potential in terms of dividends, growth opportunities, and market momentum. Itau Unibanco Holding’s focus on providing banking services from retail to private, coupled with consumer loans and treasury services, puts them in a favorable position for sustained growth and resilience in the industry.
With solid scores in Value and Resilience, Itau Unibanco Holding demonstrates a balanced approach to financial performance and risk management. The company’s ability to offer competitive value while maintaining resilience in uncertain market conditions is a key strength. Overall, Itau Unibanco Holding is well-positioned for long-term success, backed by a strategic focus on diversification and a strong foundation in banking and financial services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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