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Itau Unibanco Banco Holding Sa (ITUB)
NYSE:ITUB
Holding ITUB?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.19Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -6.14%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant achievements in profitability, loan growth, and ESG targets, alongside challenges in efficiency and currency impacts. Technological advancements signal future growth potential.Company Guidance
During the third quarter of 2024 earnings call, guidance was provided highlighting key financial metrics and operational strategies. The company reported a robust quarterly managerial recurring result of BRL10.7 billion, reflecting a 6% increase quarter over quarter and nearly 20% year over year. The consolidated return on equity was 22.7%, with an impressive return on equity in Brazil of 23.8%. The Common Equity Tier I ratio stood at 13.7%, significantly above the board-approved minimum of 11.5%. The loan portfolio showed growth of 1.9% quarter over quarter and nearly 10% year over year. Additionally, the Financial Margin with Clients grew by 4.5% quarter over quarter and 8.2% year over year. The risk-adjusted net interest margin in Brazil expanded by 30 basis points, reaching 6.5%. The company also shared its progress on ESG initiatives, having surpassed its 2025 sustainable finance goal of BRL400 billion and setting a new target of BRL1 trillion by 2030. Looking ahead, the guidance for total credit portfolio growth was adjusted to a range of 9.5% to 12.5% due to currency fluctuations. The company remains committed to maintaining profitability and capital generation while investing in growth and technology advancements.Strong Quarterly Managerial Recurring Results
Reported BRL10.7 billion in managerial recurring results, growing 6% quarter over quarter and almost 20% year over year.
High Return on Equity
Achieved a consolidated ROE of 22.7% and ROE in Brazil of 23.8%, with potential adjustments indicating even higher profitability.
Loan Portfolio Growth
Loan portfolio grew 1.9% quarter over quarter and approximately 10% year over year, with individual loans increasing by 2.5% and SME portfolio by 4.1%.
Improved Financial Margin with Clients
Financial margin with clients grew 4.5% quarter over quarter and 8.2% year over year, ex-Argentina, indicating strong performance.
Positive ESG Achievements
Surpassed the Sustainable Finance target of BRL400 billion a year and a half early, and set a new goal of BRL1 trillion by 2030.
Technological Advancements
Reduced high-impact incidents by 99% since 2018 and improved transaction speeds significantly, with a focus on AI and platform modernization.
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ITUB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ITUB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $6.03 | $6.24 | +3.48% |
| Aug 06, 2024 | $5.86 | $5.93 | +1.19% |
| May 06, 2024 | $6.24 | $6.39 | +2.40% |
| Feb 05, 2024 | $6.25 | $6.66 | +6.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Itau Unibanco Banco Holding Sa (ITUB) report earnings?
Itau Unibanco Banco Holding Sa (ITUB) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Itau Unibanco Banco Holding Sa (ITUB) earnings time?
Itau Unibanco Banco Holding Sa (ITUB) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITUB EPS forecast?
ITUB EPS forecast for the fiscal quarter 2024 (Q4) is 0.19.
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