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Itau Unibanco ( (ITUB) ) has provided an announcement.
On April 28, 2026, Itaú Unibanco Holding S.A. held an extraordinary general stockholders’ meeting online with a quorum representing 92.28% of its common shares, alongside management, supervisory council members and the external auditor. Shareholders approved summarized minutes, the omission of signatures in published minutes and the waiver of reading documents that had already been disclosed.
The meeting ratified the engagement of PricewaterhouseCoopers to appraise Banco Itaucard S.A., valuing its equity at R$51,856,273.27 as of December 31, 2025, and approved the merger of Itaucard into Itaú Unibanco without a capital increase or new share issuance. Upon completion and subject to prior Central Bank of Brazil approval, Itaucard will be dissolved and all its assets, rights and obligations will be universally assumed by Itaú Unibanco, which will handle book-keeping and registrations.
Shareholders also approved amendments to the bylaws to record the updated composition of subscribed and paid-in capital following prior share cancellations and capital increases within authorized limits. The bylaw changes further expanded the permissible size of the Board of Officers to between five and 60 members, and the bylaws were consolidated, with effectiveness contingent on Central Bank ratification, signaling continued consolidation and governance adjustments within the group.
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 financial institution, operating as a universal bank with activities spanning retail, wholesale and investment banking, credit cards, and other financial services. The group focuses on the Brazilian and broader Latin American markets and is regulated by the Central Bank of Brazil, with its shares registered in the United States via SEC filings.
Average Trading Volume: 26,375,551
Technical Sentiment Signal: Buy
Current Market Cap: $96.67B
Find detailed analytics on ITUB stock on TipRanks’ Stock Analysis page.