Itaú Unibanco's core franchise remains resilient, with total revenue growing 18% YoY and efficiency improving to 21.5% in 2026Q2, but extreme NII swings (from $1.4B in 2025Q2 to $21.7B in 2026Q2) and elevated provisions ($8.8B) warrant caution.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew 18% YoY to $99.1B in 2026Q2, but NII volatility (from $1.4B in 2025Q2 to $21.7B in 2026Q2) and NIM recovery to 0.7% highlight rate-cycle sensitivity.
Itaú Unibanco consistently delivers a Return on Equity exceeding 20%, a key differentiator among emerging market banks. This profitability has remained resilient across economic cycles, underpinning the bank’s strong earnings base.
The bank reported BRL 559.83 billion in assets for the fiscal quarter ending December 2025, reflecting a solid balance sheet foundation. This scale supports its lending capacity and risk absorption.
ITUB offers a dividend yield of 5.79%, showcasing a commitment to returning value to shareholders. The yield positions the stock as a compelling income play in Brazil’s banking sector.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $0.21-4.5% vs $0.22 | $8.8B-7.9% vs $9.6B |
Q3 2026 Aug 4, 2026 | $0.21-4.5% vs $0.22 | $9.1B-2.4% vs $9.3B |
Q2 2026 May 5, 2026 | $0.20-9.1% vs $0.22 | $8.9B-5.6% vs $9.4B |
Q1 2026 Feb 4, 2026 | $0.17-15.0% vs $0.20 | $7.6B-15.2% vs $8.9B |
Itau Unibanco NYSE: ITUB reported third-quarter recurring net income of BRL 12.6 billion, up 6.7% from a year earlier, as loan growth and higher client interest income supported results. The bank also warned of a more challenging economic environment in 2027.
Itaú maintains strong operational momentum and disciplined credit quality, justifying my reiterated buy rating post-Q3 results. ITUB's selective credit growth, focus on collateralized products, and robust provisioning underpin resilient profitability and risk management. Despite weakness in non-financial revenues, ITUB's expense control, stable credit costs, and improved tax guidance support sustained ROE.
Itaú Unibanco Holding S.A. ( ITUB ) Q3 2026 Earnings Call November 4, 2026 8:00 AM EST Company Participants Gustavo Rodrigues - Director of Investor Relations Milton Maluhy Filho - CEO & Member of Executive Board Gabriel de Moura - CFO & Member of Executive Board Conference Call Participants Thiago Bovolenta Batista - UBS Investment Bank, Research Division Renato Meloni - Bernstein Autonomous LLP Eduardo Rosman - Banco BTG Pactual S.A.
Brazil's largest private bank just registered to trade XRP and 14 other cryptos under sweeping new central bank rules, but whether this milestone actually means anything for XRP holders is a very different question.
Benchmark ITUB against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Itaú Unibanco Holding S.A. (ITUB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $7.39 | $81.45B | 10.32 | 4.21% | 11.66% | 20.56% | 10.43% | |
| $2.54 | $26.86B | 6.37 | 44.49% | 15.94% | 13.88% | 8.02% | |
| $4.64 | $34.74B | 15.63 | -3.79% | 26.65% | 9.95% | 6.7% | |
| $39.17 | $35.06B | 9.94 | 68.77% | 35.34% | 85.27% | 2.02% | |
| $10.60 | $2.16B | 10.62 | -11.01% | 10.23% | 10.25% | 0.59% | |
| $57.76 | $3.69B | 16.91 | -21.14% | 12.74% | 0.03% | 5.52% |
Itaú Unibanco Holding S.A. (ITUB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Itaú Unibanco Holding S.A. (ITUB) stock FAQ — growth, dividends, profitability & financials explained
Itaú Unibanco Holding S.A. (ITUB) grew revenue by 4.2% in fiscal year 2025, compared with the prior fiscal year.
Yes. Itaú Unibanco Holding S.A. (ITUB) earned $47.10B in net income over the trailing twelve months (a 12.3% net margin).
Yes. Itaú Unibanco Holding S.A. (ITUB) pays a dividend that yields 10.43% at the current price, a high yield.
Itaú Unibanco Holding S.A. (ITUB) had a return on equity (ROE) of 20.6% in fiscal year 2025. That is well above the market's typical 10-15%.
Itaú Unibanco Holding S.A. (ITUB) has a net interest margin (NIM) of 1.2%. NIM has been under pressure due to interest rate environment.
Itaú Unibanco Holding S.A. (ITUB) has an efficiency ratio of 21.4%. This is excellent, indicating strong cost control.
