Itau Unibanco Stock Price, News & Analysis

ITAÚ UNIBANCO HOLDING S.A. has announced the approval from its Board of Directors for the payment of interest on capital to shareholders. The total amount is set at R$0.262 per share, resulting in a net payment of R$0.2227 per share after a 15% income tax withholding. This payment is scheduled for August 31, 2023, based on the final shareholding recorded on March 23, 2023, with shares trading ex-rights from March 24, 2023. Common (ITUB3) and preferred (ITUB4) shares will receive the same amount.

Itaú Unibanco Holding S.A. announced on March 2, 2023, its intention to initiate a voluntary tender offer for the acquisition of up to 34.38% of Itaú Corpbanca's outstanding shares. Currently, Itaú Unibanco owns 65.62% of Itaú Corpbanca. The offer will feature a purchase price of CLP 2.00 per share, reflecting a 10% premium over the average trading price in the past 60 sessions. The tender offer is expected to occur in the first half of 2023 and will require regulatory approvals from the Central Bank of Brazil and the Comisión para el Mercado Financiero in Chile. The company aims to keep stockholders informed during the process.

Itaú Unibanco Holding S.A. has announced that the Complete Financial Statements and Management Discussion and Analysis for the 4th quarter of 2022, ending December 31, 2022, are available on their Investor Relations website. A virtual meeting to discuss these results will take place on February 8, 2023 at 08:00 a.m. (EST). This meeting will provide shareholders insights into the bank's financial performance and outlook, highlighting important metrics and potential strategies moving forward.

Itaú Unibanco Holding S.A. has announced its projections for 2023, focusing on key financial metrics.

Key Highlights:

• Total credit portfolio expected to grow between 6.0% and 9.0%.
• Financial margin with clients projected to increase by 13.5% to 16.5%.
• Estimated financial margin with the market between R$ 2.0 bn and R$ 4.0 bn.
• Cost of credit projected between R$ 36.5 bn and R$ 40.5 bn.
• Commissions and fees growth forecasted at 7.5% to 10.5%.
• Non-interest expenses expected to grow between 5.0% and 9.0%.
• Consolidated efficiency ratio estimated below 40%.
• Effective tax rate expected between 28.5% and 31.5%.

Itaú Unibanco announced that it will disclose its 4Q22 financial results on February 7, 2023, after trading hours in both Brazil and the United States. An interactive meeting will follow on February 8, 2023, at 8 a.m. EST, to present these results with a Q&A session. Investors can register for the meeting at this link. The announcement aims to keep shareholders informed and engaged with the company's performance.

Itaú Unibanco Holding S.A. announced the approval of interest on capital payment of R$0.48618 per share, with a net payment of R$0.413253 after a 15% withholding tax. This payment, applicable to both common shares (ITUB3) and preferred shares (ITUB4), will be executed by April 28, 2023, based on the stockholding position from December 8, 2022. Shares will trade ex-rights starting December 9, 2022.

Itaú Unibanco Holding S.A. announces the availability of its Complete Financial Statements and Management Discussion for Q3 2022, ending September 30, 2022. Shareholders can access the information on their Investor Relations website. A virtual meeting to discuss the results is scheduled for November 11 at 08:00 a.m. (EST). This communication aims to keep investors informed about the company's financial performance and strategies.

Itaú Unibanco will disclose its 3Q22 results on November 10, after trading hours in Brazil and the United States. An interactive meeting to present these results will be held on November 11 at 8 a.m. EST, featuring a Q&A session. Key executives including CEO Milton Maluhy Filho, CFO Alexsandro Broedel, and DRI Renato Lulia Jacob will speak during the meeting. Investors can register for the session through the provided link and stay updated via the investor relations website.