- Recurring Net Income: Itau’s recurring net income for Q2 was R$11.51 billion, surpassing the estimated R$11.38 billion.
- Net Interest Income: The bank reported a net interest income of R$31.18 billion, higher than the expected R$30.59 billion.
- Non-Performing Loans Ratio: The ratio of non-performing loans stood at 5%.
- Return on Average Equity: The return on average equity was recorded at 23.3%.
- Total Cost of Credit: Total cost of credit was reported as -R$9.09 billion.
- Tier 1 Ratio: The bank’s Tier 1 ratio was 14.6%.
- Fee and Commission Income: The income from fees and commissions reached R$11.34 billion.
- Analyst Recommendations: There are 13 buy recommendations, 4 hold recommendations, and no sell recommendations for Itau.
A look at Itau Unibanco Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
According to Smartkarma Smart Scores, Itau Unibanco Holding S.A. shows promise for long-term investors. The company ranks high in Dividend, Growth, and Momentum scores, indicating strong performance in these areas. With a solid Dividend score of 4, investors can expect regular payouts from Itau Unibanco Holding. The Growth score of 4 suggests that the company is poised for expansion and increasing profitability over time. Additionally, a Momentum score of 4 signifies positive market momentum, indicating potential for upward movement in the company’s stock price.
Although Itau Unibanco Holding scores lower in the Value and Resilience categories, with scores of 2 and 3 respectively, its strengths in Dividend, Growth, and Momentum bode well for its long-term outlook. As a company that offers a wide range of banking and financial services, including consumer loans, insurance, and securities brokerage, Itau Unibanco Holding S.A. is positioned to attract deposits and serve a diverse client base.
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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