Itaú Unibanco Launches New Stock Buyback Program Authorizing Repurchase of Up to 200 Million Preferred Shares

Itau Unibanco ( (ITUB) ) has shared an update.

On February 4, 2026, Itaú Unibanco’s board of directors voted to terminate ahead of schedule its stock buyback program that had been approved in February 2025 and was originally set to run until February 5, 2026. At the same meeting, the board approved a new buyback program effective from February 4, 2026 through August 4, 2027, authorizing the acquisition of up to 200 million preferred shares, equivalent to about 3.74% of the preferred free float, without any reduction in capital. The company plans to use the repurchased shares both to serve share-based compensation and long-term incentive plans for employees and executives, as well as for potential cancellation of shares, and it emphasized that purchases will be made on the stock exchange at market prices, intermediated by Itaú Corretora de Valores S.A. Itaú Unibanco detailed that the program is expected to optimize the use of available capital, potentially increase per-share dividends and shareholder ownership percentages if shares are cancelled, and that, given its sizable capital and revenue reserves, the board does not foresee adverse effects on its ability to meet obligations or pay mandatory dividends, leaving its ownership control and management structure unchanged.

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 financial institution operating in the banking and financial services industry, offering a broad range of retail, commercial and investment banking products. The group serves individuals and corporate clients in Brazil and internationally, and its shares are widely held, with a defined controlling stake and a large free float of common and preferred shares.

Average Trading Volume: 22,401,251

Technical Sentiment Signal: Buy

Current Market Cap: $90.43B

See more insights into ITUB stock on TipRanks’ Stock Analysis page.