by Amruth Sundarkumar | May 10, 2022 | Banks
Brazilian lender Itau Unibanco reported a 15% YoY jump in its quarterly net income to BRL 7.36bn ($1.45bn). Operating revenues picked up by 12% to BRL 33bn ($6.4bn) with an improvements across all of its segments. Its margins improving during the quarter to 21% from...
by Megha Malhotra | Feb 11, 2022 | Banks
Brazil’s largest private lender Itau Unibanco Holdings SA reported stronger-than-expected Q4 earnings with recurring net income, ex one-off items, rising 32.9% YoY to BRL 7.16bn ($1.36bn), above Refinitiv consensus estimates of BRL 6.83bn ($1.30bn). The earnings...
by Amruth Sundarkumar | Aug 3, 2021 | Banks
Itau Unibanco reported a net income increase of 55.6% to BRL 6.54bn ($1.26bn) in Q2, boosted by a sharp drop in provisions for pandemic-related bad loans, roughly in-line with forecasts of BRL 6.42bn ($1.24bn), according to Refinitiv. Itau’s provision for loan losses...
