- Itau’s 4Q recurring net income is R$9.40 billion, which is a 23% increase year over year.
- The estimate for the 4Q recurring net income was R$9.3 billion, and Itau surpassed this estimate.
- Net interest income is R$27.13 billion, marking an increase of 8.6% year over year.
- The estimate for net interest income was R$27 billion, which Itau also surpassed.
- Loans reached R$1.18 trillion, a 3.1% increase year over year.
- The return on average equity is 21.2%, which is an increase from 19.3% year over year.
- Total assets are R$2.70 trillion, a 9.2% increase year over year.
- The total cost of credit is -R$9.15 billion, marking a 6.7% increase year over year.
- The 2023 year results show a recurring net income of R$35.62 billion, a 16% increase year over year.
- There were 15 buys, 3 holds, and 0 sells of Itau’s stock.
A look at Itau Unibanco Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| 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 leading financial institution, has a positive outlook for its long-term future according to Smartkarma Smart Scores. The company scores a high 4 out of 5 in growth, indicating a strong potential for expansion and profitability. This is supported by its diverse range of services, including retail, commercial, corporate, and private banking, as well as consumer loans, insurance, and more. With a focus on growth, Itau Unibanco Holding is likely to continue to thrive in the competitive financial sector.
Moreover, the company has a solid momentum score of 5, which reflects its strong performance in the market. This is further supported by its resilience score of 2, indicating a stable and consistent business model. However, the company’s value and dividend scores are relatively lower at 3 and 2 respectively. This suggests that while Itau Unibanco Holding may not be undervalued, it may still provide decent returns for its shareholders. Overall, with its strong growth potential and stable performance, Itau Unibanco Holding is a promising investment for the long run.
Summary: Itau Unibanco Holding S.A. is a financial institution that offers a wide range of banking services, loans, insurance, and more. It has a strong outlook for the long-term, with high scores in growth and momentum, and a stable business model reflected in its resilience score. While its value and dividend scores are relatively lower, the company is expected to continue to thrive in the competitive financial sector.
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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