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ITUBItaú Unibanco Holding S.A.
$8.43$92.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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ITUB logo

Itaú Unibanco Holding S.A.

ITUB
NYSE · Regional Banks
$8.43
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$92.91B
P/E11.0x
52W High$9.60
Volume20.32M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

NII Volatility Masks Underlying Revenue Growth

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. The bank's low-...

GrowthMixed
ProfitabilityStable
ValuationAttractive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

ITUB price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-25% Peers

P/E is 25% below peer median

03

Market leadership

RS 59 · Avg

Average momentum (RS Rating: 59)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Nov 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

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.

Analyst Consensus-24.3% target
Buy(13 analysts)
7 Buy5 Hold1 Sell

The Bull Case

Upside Catalysts

Consistent High ROE

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.

Robust Asset 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.

Attractive Dividend Yield

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.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ITUB+18.93%
S&P 500 (^GSPC)+13.20%
1-Year Return
ITUB+23.64%
S&P 500 (^GSPC)+15.98%
3-Year Return
ITUB+97.23%
S&P 500 (^GSPC)+79.30%
5-Year Return
ITUB+161.15%
S&P 500 (^GSPC)+73.29%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
11.0x
Forward P/EExpansion
1.8x
EV/EBITDA100th %ile
21.1x
FCF YieldCash Flow
27.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.0x
1.4x
100th· High
EV/EBITDA
21.1x
13.3x
100th· High
Price/FCF
3.7x
0.7x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$5.87-30.4%
Base (Fair)$9.84+20.0%
Bull$14.55+72.6%
$5.87 Bear$9.84 Base$14.55 Bull
Current Market Price: $8.43
Trades at a 14.3% discount to Base DCF ($9.84)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$165.24B+4.2% YoY
Net income
$44.86B+9.2% YoY
Free cash flow
$128.23B+230.6% YoY
Operating margin
13.1%-1.5 pts YoY
ROIC (TTM)3.2%
Avg ROIC 5Y-
ROE (TTM)20.6%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Q4 2025
Nov 4, 2025
$0.18+0.0%
vs $0.18
$6.9B-22.8%
vs $9.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·1d ago
Itaú Unibanco: Outstanding ROE Isn't Enough To Beat A 14% Risk-Free Rate

Itaú Unibanco Holding S.A. consistently delivers 24%+ ROE, outperforming peers and maintaining a dominant credit portfolio in Brazil. Despite strong fundamentals, ITUB's current 2.1x P/B valuation exceeds a fair value estimate of 1.7x, given Brazil's high risk-free rate. Competitive pressures from digital banks and a challenging macroeconomic environment limit upside, even as ITUB invests in efficiency and digital transformation.

Defense World·Sep 9, 2026
Itau Unibanco Sees Unusually Large Options Volume (NYSE:ITUB)

Itau Unibanco Holding S.A. (NYSE: ITUB - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 8,017 put options on the company. This is an increase of 1,133% compared to the typical daily volume of 650 put options. Wall Street Analyst Weigh In A number of equities analysts have

Zacks Investment Research·Aug 27, 2026
Will ITUB's U.S. Bank Charter Expand Its Wealth Banking Franchise?

Itau Unibanco's U.S. bank charter approval is set to expand its Miami wealth franchise by broadening banking services for affluent Latin American clients.

PYMNTS·Aug 24, 2026
Brazilian Bank Itaú Wins Preliminary US Charter Approval to Serve Wealthy Clients

Brazil-based bank Itaú Unibanco Holdings S.A. has secured preliminary approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States called Itaú Bank, National Association, the OCC said in an Aug. 14 corporate decision.

Filtered for Itaú Unibanco Holding S.A.More Headlines
04

Compare before deciding

Benchmark ITUB against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Itaú Unibanco Holding S.A. (ITUB)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ITUB logoITUBItaú Unibanco Holding S.A.Current
$8.43$92.91B10.964.21%11.66%20.56%9.83%
BBD logoBBDBanco Bradesco S.A.
$3.57$37.76B8.3344.49%15.21%13.29%—
BSBR logoBSBRBanco Santander (Brasil) S.A.
$5.84$43.73B18.30-3.79%21.61%11.41%—
GFI logoGFIGold Fields Limited
$42.96$38.45B10.9068.77%35.34%85.27%—
BBAR logoBBARBanco BBVA Argentina S.A.
$14.13$2.89B13.87-11.01%10.23%10.25%—
BMA logoBMABanco Macro S.A.
$74.60$4.77B21.40-21.14%12.74%0.03%—

Compare ITUB vs Peers

Itaú Unibanco Holding S.A. (ITUB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BBD

Most directly comparable listed peer for ITUB.

Scale Benchmark

vs C

Larger-name benchmark to compare ITUB against a more recognizable public peer.

Peer Set

Compare Top 5

vs BBD, BSBR, GFI, BBAR

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ITUB Frequently Asked Questions

Itaú Unibanco Holding S.A. (ITUB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Itaú Unibanco Holding S.A. growing?

Itaú Unibanco Holding S.A. (ITUB) grew revenue by 4.2% over the past year. Growth has been modest.

Is ITUB profitable?

Yes, Itaú Unibanco Holding S.A. (ITUB) is profitable, generating $47.10B in net income for fiscal year 2025 (11.7% net margin).

Dividend & Returns
Does ITUB pay dividends?

Yes, Itaú Unibanco Holding S.A. (ITUB) pays a dividend with a yield of 9.83%. This makes it attractive for income-focused investors.

What is ITUB's return on equity?

Itaú Unibanco Holding S.A. (ITUB) has a return on equity (ROE) of 20.6%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics
What is Itaú Unibanco Holding S.A.'s net interest margin?

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.

What is Itaú Unibanco Holding S.A.'s efficiency ratio?

Itaú Unibanco Holding S.A. (ITUB) has an efficiency ratio of 21.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in ITUB back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →