Bank of America Securities analyst Mario Pierry maintained a Hold rating on Itau Unibanco (ITUB – Research Report) yesterday and set a price target of $5.50. The company’s shares closed yesterday at $4.58.
Pierry covers the Financial sector, focusing on stocks such as Itau Unibanco, Banco Bradesco SA, and Banco Santander Brasil. According to TipRanks, Pierry has an average return of 20.2% and a 78.57% success rate on recommended stocks.
Itau Unibanco has an analyst consensus of Moderate Buy, with a price target consensus of $6.07.
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Based on Itau Unibanco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $34.54 billion and a net profit of $7.46 billion. In comparison, last year the company earned a revenue of $31.51 billion and had a net profit of $8.4 billion
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Brazil-based Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and internationally. It operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation.
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