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Itau Unibanco ( (ITUB) ) has issued an announcement.
Itaú Unibanco reported first‑quarter 2026 recurring managerial profit of R$12.3 billion and an annualized ROE of 24.8% on May 5, 2026, supported by a R$1.5 trillion credit portfolio and a stable 90‑day NPL ratio of 1.9%. Credit grew 9.0% year over year excluding FX, led by government‑program corporate lending and double‑digit expansion in mortgages, credit cards, and payroll loans, while commissions, fees, and insurance results also advanced on stronger asset management, investment banking, and premium volumes.
Management highlighted that the bank’s deliberate shift toward higher‑quality, better‑balanced loan origination in recent cycles has reduced exposure to stress and underpinned resilient asset quality in a challenging macro environment. Non‑interest expenses rose 4.8% year over year to R$16.2 billion on higher technology and personnel costs, but Brazil’s efficiency ratio improved to a record 34.9% for a first quarter, and capital and liquidity remained comfortable with a CET1 ratio of 12.0%, reinforcing Itaú’s ability to invest in digital transformation and navigate different economic phases while maintaining robust governance and transparency through its newly released 2025 integrated and ESG reports.
The most recent analyst rating on (ITUB) stock is a Buy with a $9.00 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 Outperform.
The score is driven primarily by solid financial performance (growth and ROE) but held back by leverage and cash-flow volatility. Technicals are supportive with a strong uptrend, though momentum looks somewhat stretched. Valuation is favorable given the moderate P/E and high dividend yield, and the latest earnings call reinforced constructive fundamentals with cautious but reasonable 2026 guidance.
To see Spark’s full report on ITUB stock, click here.
More about Itau Unibanco
Itaú Unibanco Holding S.A. is Brazil’s largest private‑sector bank, operating across retail, corporate, and investment banking, as well as asset management, insurance, and credit card services. The institution focuses on diversified financial products, technology‑driven distribution, and disciplined risk management to sustain profitability and support clients through economic cycles.
Average Trading Volume: 25,114,797
Technical Sentiment Signal: Strong Buy
Current Market Cap: $93.57B
Learn more about ITUB stock on TipRanks’ Stock Analysis page.