- The recurring net income for Itau in the fourth quarter was R$10.88 billion, which met the estimated R$10.83 billion.
- The net interest income came in at R$29.39 billion, slightly below the estimated R$29.6 billion.
- The non-performing loans ratio was 2.4%, better than the estimated 2.6%.
- Return on average equity was a strong 22.1%.
- Fee and commission income amounted to R$11.70 billion.
- Analyst recommendations include 15 buys, 2 holds, and no sells.
“`
A look at Itau Unibanco Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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., a banking giant, appears to have a positive long-term outlook based on Smartkarma Smart Scores. The company scores well in Growth and Momentum, indicating a promising future in terms of expansion and market performance. Despite facing challenges in Resilience, Itau Unibanco Holding’s solid scores in Value and Dividend suggest a stable and lucrative investment opportunity for shareholders.
With a strong focus on attracting deposits and providing a wide range of banking services, including loans, insurance, and treasury services, Itau Unibanco Holding S.A. positions itself as a versatile player in the financial sector. Investors may find the company’s balanced scores across different factors reassuring, offering a glimpse into a company that values both growth potential and shareholder returns.
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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