Welcome to our dedicated page for Itau Unibanco news (Ticker: ITUB), a resource for investors and traders seeking the latest updates and insights on Itau Unibanco stock.
Itaú Unibanco Holding S.A. (ITUB) is a commercial bank in the finance and insurance sector, with activities that include commercial and consumer lending, foreign loans, insurance and asset management, as described in the Polygon company profile. The bank operates in Brazil and other Latin American markets and reaches U.S. investors through ADRs, which are referenced in its announcements about bonus shares.
This news page aggregates market communications from Itaú Unibanco, giving investors a single place to review the company’s official announcements. Recent releases include invitations to interactive meetings where executives present quarterly and annual results in Portuguese and English, with Q&A sessions. The company also publishes announcements about condensed financial statements, management discussion and analysis documents and events such as Itaú Day, where executives discuss developments in the business.
In addition, Itaú Unibanco issues material facts and notices to stockholders covering topics such as projections for specific years, bonus share distributions, dividend and interest on capital payments, share cancellations under buyback programs and changes to capital. These items appear in both press releases and Form 6-K filings, and they provide context on the company’s capital management, shareholder remuneration and outlook ranges for key financial metrics.
By following this ITUB news feed, readers can review Itaú Unibanco’s own descriptions of its performance, corporate actions, governance documents and shareholder events. The page is useful for tracking how the bank communicates with the market through results announcements, material facts, policy disclosures and meeting invitations over time.
Itaú Unibanco has announced an agreement to acquire up to 100% of Ideal Holding Financeira over five years. The first phase involves a purchase of 50.1% for approximately R$650 million, thereby gaining control of Ideal. The second phase allows the acquisition of the remaining 49.9%. Despite this acquisition, Ideal will maintain operational independence and continue serving its clients. This strategic investment aims to enhance Itaú's investment ecosystem and access to innovative financial solutions, subject to regulatory approvals from CADE and the Central Bank of Brazil.
Itaú Unibanco Holding S.A. announced that its Board of Directors approved the payment of interest on capital as a substitute for the monthly dividend for 2022. The payment amounts to R$0.01765 per share, equivalent to a net interest of R$0.015 after a 15% withholding tax. This decision affects both common (ITUB3) and preferred (ITUB4) shares, with scheduled payments starting from February 1, 2022, and continuing through January 2023, covering monthly accruals for the entire year.
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Itaú Unibanco has increased its shareholding in Itaú Corpbanca from 39.22% to 53.79% as part of a capital increase process. This increase was achieved by exercising preemptive rights and acquiring additional rights from another shareholder. The capital increase is currently incomplete, and Itaú Unibanco plans to subscribe to all remaining shares in the next stage. The expected effect on Itaú Unibanco's capital ratios is deemed immaterial. The company commits to updating stakeholders on further developments.
Itaú Unibanco Holding S.A. announced that its Complete Financial Statements and Management Discussion for Q3 2021, ending September 30, 2021, are now accessible on its Investor Relations website. A conference call discussing these results will take place on November 4, 2021, with sessions in Portuguese at 08:00 a.m. (EDT) and in English at 10:15 a.m. (EDT). This is a crucial opportunity for investors to gain insights on the bank's performance.
SÃO PAULO, Nov. 3, 2021 /PRNewswire/ -- Itaú Unibanco announced the results for the 3rd quarter of 2021, set to be disclosed on November 3 after B3 and NYSE trading hours. Investors can participate in conference calls on November 4, with Portuguese calls scheduled for 08 a.m. (EDT) and English at 10:15 a.m. (EDT). Further details can be accessed through the investor relations website or by contacting their investor relations team directly.
Itaú Unibanco will disclose its Q3 2021 financial results on November 3, after trading hours on B3 and NYSE. A conference call will follow on November 4 at 10:15 a.m. EDT (11:15 a.m. Brasília time). This will include sessions in both Portuguese and English, providing details on the bank's performance and strategic direction. Investors can add the events to their calendars via provided links to ensure participation.
On October 14, 2021, Itaú Unibanco Holding S.A. announced its Board of Directors approved the payment of monthly interest on capital for November and December 2021. Shareholders will receive R$0.01765 per share, resulting in a net payment of R$0.015 per share after a 15% income tax withholding. Additionally, an extra interest payment of R$0.264551 per share was approved, yielding a net of R$0.224868 per share, amounting to R$2.199 million. Payments are due by April 30, 2022.
Itaú Unibanco Holding S.A. announced the approval of the merger of XPart S.A. into XP Inc. at the General Stockholders' Meetings held on October 1, 2021. Following the merger, controlling stockholders of Itaú Unibanco and ADR holders will receive Class A shares of XP, while other XPart shareholders will receive BDRs backed by XP shares. The stock prices of Itaú Unibanco will adjust by -18.69% for common shares and -17.54% for preferred shares starting October 4, 2021, affecting the opening prices significantly.
Itaú Unibanco Holding S.A. has revised its 2021 financial projections, as disclosed on August 2, 2021. The company anticipates a total credit portfolio growth of 5.5% to 9.5% in Brazil, maintaining its financial margin with clients and the market. The new forecasts include a financial margin with the market ranging from R$4.9 to R$6.4 billion and a cost of credit between R$21.3 to R$24.3 billion. The effective tax rate is projected to be between 34.5% to 36.5%, indicating a cautious outlook based on market conditions.