Itaú Unibanco Launches New Share Buyback Program After Early Termination of Prior Plan

Itau Unibanco ( (ITUB) ) has issued an announcement.

On February 4, 2026, Itaú Unibanco’s board of directors met in São Paulo and unanimously decided to terminate ahead of schedule the stock buyback program that had been approved on February 5, 2025 and was originally set to run until February 5, 2026. At the same meeting, the board approved a new share repurchase program effective from February 5, 2026 through August 4, 2027, authorizing the buyback of up to 200 million preferred shares—about 3.74% of the free float as of December 31, 2025—via stock-exchange transactions at market prices, to be intermediated by Itaú Corretora de Valores. The program aims both to cancel repurchased shares and to fund stock-based compensation and long-term incentive plans for employees and management of Itaú Unibanco and its subsidiaries, with the board arguing that the initiative optimizes use of excess capital, can enhance returns for remaining shareholders through higher per-share dividends and increased ownership percentages, and will not impair the bank’s ability to meet obligations or pay mandatory dividends given its sizable capital and revenue reserves.

The most recent analyst rating on (ITUB) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Itau Unibanco stock, see the ITUB Stock Forecast page.

Spark’s Take on ITUB Stock

According to Spark, TipRanks’ AI Analyst, ITUB is a Neutral.

Itau Unibanco’s overall stock score is driven by strong financial performance in terms of revenue growth and profitability, despite challenges with leverage and cash flow. The technical analysis supports a positive trend, and the valuation is attractive with a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data limits further insights.

To see Spark’s full report on ITUB stock, click here.

More about Itau Unibanco

Itaú Unibanco Holding S.A. is a leading Brazilian publicly held financial institution, operating primarily in banking and financial services. Listed in Brazil and the United States, the group focuses on retail and wholesale banking, capital markets, asset management and related financial products, serving individuals, companies and institutional clients domestically and internationally.

Average Trading Volume: 22,401,251

Technical Sentiment Signal: Buy

Current Market Cap: $90.43B

See more data about ITUB stock on TipRanks’ Stock Analysis page.