- Itau’s recurring net income for Q2 2024 stands at R$10.07 billion.
- This represents a 15% increase year-over-year (y/y).
- The net income met the estimated R$10.02 billion.
- Net interest income is R$27.67 billion, up 6.4% y/y.
- This slightly missed the estimate of R$27.87 billion.
- Total loans reached R$1.25 trillion, reflecting an 8.9% growth y/y.
- Return on average equity is now 22.4%, compared to 20.9% y/y.
- Total assets have grown by 13% y/y, reaching R$2.93 trillion.
- Analyst ratings include 14 buys, 3 holds, and no sell recommendations.
A look at Itau Unibanco Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Itau Unibanco Holding S.A.’s long-term outlook using a comprehensive scoring system. The bank received a solid score of 4 for Growth, indicating a positive trajectory for expanding its operations and market presence. With a Momentum score of 4, Itau Unibanco Holding is showing strong upward momentum in its stock performance. However, the company scored lower in Resilience with a score of 2, suggesting potential vulnerabilities to economic downturns or market shocks.
Overall, Itau Unibanco Holding S.A. seems to be well-positioned for growth and has a favorable momentum in the market. While it presents opportunities for expansion and investment, investors should be mindful of its resilience score and consider potential risks associated with economic uncertainties.
Summary: Itau Unibanco Holding S.A. provides a range of banking services and has received positive scores for Growth and Momentum in its long-term outlook analysis by Smartkarma. However, the company scored lower in Resilience, indicating potential vulnerabilities to market shocks.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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