Itau Unibanco (ITUB) Q1 Earnings & Revenues Rise Y/Y, Costs Up

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 ...