Itaú Unibanco Holding S.A. is one of Brazil’s leading financial services companies, established in 2008 through the merger of Banco Itaú and Banco Unibanco. As one of the largest banks in Latin America, Itaú Unibanco provides a wide range of financial products and services to individuals, small and medium-sized businesses, and large corporations. These include deposits, loans, asset management, insurance, and investment banking services. Itaú Unibanco is listed on both the New York Stock Exchange and the São Paulo Stock Exchange and plays a crucial role in Brazil’s economy.
This report covers key financial information, dividend payment status, recent news, and investment-related details of Itaú Unibanco Holding S.A., aiming to assist investors in assessing the attractiveness of Itaú Unibanco Holding S.A. stock and making informed investment decisions.
1. Company Overview
- Established: 2008 (Merger of Banco Itaú and Banco Unibanco)
- Headquarters: São Paulo, Brazil
- Key Products and Services:
- Personal Banking: Deposits, loans, credit cards, mortgages, personal pensions, and insurance.
- Corporate Banking: Corporate loans, cash management, foreign exchange transactions, trade finance, corporate cards, and insurance.
- Investment Banking Services: Asset management, investment advisory, brokerage services, and M&A advisory.
- Digital Banking: Comprehensive digital financial services through mobile and online banking platforms.
- Asset Management: Investment funds, pension funds, and other asset management services.
- Insurance: Life insurance, auto insurance, health insurance, and a wide range of other insurance products.
- Market Capitalization: $52.59 billion
2. Financial Overview (2023)
- Revenue: $124.526 billion
- Net Income: $33.105 billion
- PER (Price-to-Earnings Ratio): 9.53x
- PBR (Price-to-Book Ratio): 1.48x
- Dividend Yield: 7.95%
- ROE (Return on Equity): 18.50%
3. Dividend Information
- Dividend Payment Frequency: Semi-annual (subject to financial conditions)
- Recent Dividend: $0.0035 per share (paid on June 10, 2024)
- Dividend Growth Rate: 44.49%
- Dividend Payout Ratio: 74.49%
4. Recent News
- Itaú Unibanco Holding S.A. Announces Merger with Hipercard Banco Múltiplo S.A.
Itaú Unibanco Holding S.A. has announced an internal restructuring plan, which includes a merger with its subsidiary, Hipercard Banco Múltiplo S.A. The merger aims to reduce costs and improve efficiency. Following the merger, Hipercard will be dissolved, and ITUB will acquire its assets. This transaction will not have any financial impact on Itaú Unibanco but represents a strategic move to enhance its competitiveness and support sustainable growth. - Itaú Unibanco Holding S.A. Dividend Analysis
Itaú Unibanco Holding S.A.’s annual dividend growth rate was 30.20%. Over a 5-year period, this rate decreased to an annualized 4.70%. However, over the past 10 years, the company achieved an impressive annual dividend per share growth rate of 26%.
5. Investment Information
- Itaú Unibanco holds a dominant position in Brazil’s financial market, offering stable income and growth potential along with periodic dividend payments.
- The company’s revenue is significantly influenced by the growth and stability of Brazil’s economy.
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