Itaú Unibanco Holding S.A. (ITUB) has announced a corporate internal restructuring plan. This will include the merger of its wholly-owned subsidiary, Hipercard Banco Múltiplo S.A. ("Hipercard"), subject to approval from the Central Bank of Brazil. The cost associated with executing and implementing the transaction is estimated to be approximately R$180,000 ($34,843). As part of the effort, all activities currently managed by Hipercard, including the administration of bank cards, will be transferred to Itaú ...

Itaú Unibanco Holding S.A. (NYSE:ITUB) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants As usual, today's event will be divided into two parts. First, Milton will take you through our performance and earnings for the first quarter of 2024. And then we will have a Q&A session during which investors and analysts can ask us questions and get into the details with us. Renato Lulia - Head of IR & Market Intelligence Milton Filho - CEO & Member of Executive Board Alexsandro Lopes - CFO ...

Itau Unibanco Holding S.A. (ITUB) reported recurring managerial results of R$9.8 billion ($1.98 billion) for first-quarter 2024, up 15.8% year over year.The results were supported by higher revenues and an increase in managerial financial margin. Rising total deposits and assets reflected a strong balance sheet position. However, an increase in non-interest expenses was an undermining factor.Revenues & Costs IncreaseOperating revenues were R$40.35 billion ($8.15 billion) in the reported quarter, up 7.8% yea ...

Q2 2024 Net Sales within projections; Adjusted EBITDA and Adjusted Diluted EPS exceeded previous Outlook © Atkore 4 Volume/Mix (0.8%) Q2 Net Sales Bridge $8 $86 $11 $2 2023 Volume/Mix Price Solar Credit Other1 2024 $896M $793M 2024 Adjusted Diluted EPS Bridge2 1. "Other" may include items such as F/X, M&A, productivity, investments, interest and tax rate. 2. See non-GAAP reconciliation in appendix. Product Area Review & Key Comments 31% + LSD% Electrical Cable & Flexible Conduit + LSD% 13% + DD% © Atkore 6 ...

SÃO PAULO, April 29, 2024 /PRNewswire/ -- Itaú Unibanco Holding S.A. (B3: ITUB3, ITUB4; NYSE: ITUB) (the "Company") filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC"). The 2023 Form 20-F is available in English at the SEC's website (www.sec.gov), on the Brazilian Securities and Exchange Commission's website (Comissão de Valores Mobiliários, the CVM) (www.cvm.gov.br) and on the Company's Investor Rel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 20-F ____________________________ ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 1 ...

Joa_Souza/iStock Unreleased via Getty Images Investment Thesis I recommend buying Itaú (NYSE:ITUB) shares. Over the years, players who worked in Brazilian banking operations faced major challenges, and Itaú is the main player in this market. Recently, competition with fintechs brought challenges to the bank, which promptly initiated a major operational and cultural change in its operations, aiming to face disruptive competition. Even with a great track record of results, the company trades at a P/E mult ...

Investors looking for stocks in the Banks - Foreign sector might want to consider either KB Financial (KB) or Banco Itau (ITUB) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ou ...

Itaú Unibanco Holding S.A. (NYSE:ITUB) Q4 2023 Earnings Conference Call February 6, 2024 8:00 AM ET Company Participants Renato Lulia - Head of IR & Market Intelligence Milton Filho - CEO & Member of Executive Board Alexsandro Lopes - CFO & Member of Executive Board Conference Call Participants Renato Meloni - Autonomous Gustavo Schroden - Bradesco Mario Pierry - Bank of America Rafael Frade - Citibank Thiago Batista - UBS Tito Labarta - Goldman Sachs Daniel Vaz - Credit Suisse Nicolas Riva - Bank of Americ ...

Tier 1 Capital ratio 2 Corporativo | Interno ¹ 4Q22 1Q23 2Q23 3Q23 4Q23 4Q22 1Q23 2Q23 3Q23 4Q23 Margin with clients 7 Corporativo | Interno (1) In the fourth quarter of 2023, we sold loans with low probability of recovery to unrelated companies and without risk retention, which would be active at the end of December-23 worth R$198 million of the individuals portfolio, R$22 million of the very small, small and 7 middle market companies portfolio and R$125 million of the corporate portfolio. 8 4.4%0.5 p.p. C ...