Price Action Don’t Lie: Is Itau Unibanco Holding SA (ADR)’s Fuel For Real? The Stock Just Increased Again

Price Action Don't Lie: Is Itau Unibanco Holding SA (ADR)'s Fuel For Real? The Stock Just Increased Again

The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) is a huge mover today! About 5.68 million shares traded hands. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has risen 73.65% since February 29, 2016 and is uptrending. It has outperformed by 61.43% the S&P500.
The move comes after 5 months positive chart setup for the $62.75 billion company. It was reported on Oct, 3 by We have $15.13 PT which if reached, will make NYSE:ITUB worth $21.96 billion more.

Analysts await Itau Unibanco Holding SA (ADR) (NYSE:ITUB) to report earnings on November, 1. They expect $0.28 earnings per share, down 3.45% or $0.01 from last year’s $0.29 per share. ITUB’s profit will be $1.57 billion for 10.01 P/E if the $0.28 EPS becomes a reality. After $0.29 actual earnings per share reported by Itau Unibanco Holding SA (ADR) for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) Ratings Coverage

Out of 8 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 2 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 25% are positive. Itau Unibanco Banco Holding SA has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, July 20 by Goldman Sachs. The rating was initiated by Scotia Capital on Tuesday, March 15 with “Underperform”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, April 27. JP Morgan maintained Itau Unibanco Holding SA (ADR) (NYSE:ITUB) on Tuesday, August 16 with “Overweight” rating. The company was downgraded on Tuesday, October 13 by Credit Suisse. Goldman Sachs downgraded the stock to “Sell” rating in Tuesday, March 29 report. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has “Sell” rating given on Friday, April 8 by Citigroup. On Tuesday, March 22 the stock rating was downgraded by Deutsche Bank to “Hold”. The firm has “Neutral” rating by Citigroup given on Thursday, October 15.

According to Zacks Investment Research, “BANCO ITAU -ADR’s main goal is to focus on an equilibrium between growth and profitability, aimed at always generating value for the stockholder in the long run.”

More news for Itau Unibanco Holding SA (ADR) (NYSE:ITUB) were recently published by:, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011.‘s article titled: “Itau Unibanco Holding SA ADS (ITUB): New Analyst Report from Zacks Equity …” and published on January 06, 2014 is yet another important article.

ITUB Company Profile

Itau Unibanco Holding S.A. (Itau Unibanco Holding), incorporated on October 9, 1943, is a holding company. The Firm provides a range of financial services and products to individual and corporate clients in Brazil and abroad. The Firm operates through three divisions: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Firm is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange activities and other complementary activities, with emphasis on insurance, private pension plans, capitalization, securities brokerage and administration of credit cards, consortia, investment funds and managed portfolios. The Company’s distribution network is divided into standard channels, which include branches, customer site branches (which are banking service centers located at certain corporate clients) (CSBs), automatic teller machines (ATMs), telephones, and digital channels, such as Internet banking and mobile banking. The Company’s standard branch network reaches approximately 3,910 branches. It has over 25 branches in Brazil. The Company’s services and products include credit cards, payroll loans, vehicles, real estate financing and mortgages, consortia services fees, merchant acquirer, insurance, pension plans, premium bonds and retail banking.

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