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Itaú Unibanco: Modernizing To Face The Competition
ITUBItau Unibanco S.A.(ITUB) Seeking Alpha·2024-04-18 21:01
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 ...