RIO DE JANEIRO, BRAZIL - Itaú Unibanco (ITUB4) posted recurring net income of R$7.159 billion in the fourth quarter of 2021, a 32.9% jump from the same period in 2020, according to results released Thursday evening. There was 5.6% growth in relation to the third quarter.
Gains exceeded the consensus of market projections, which pointed to R$6.696 billion. Santander (SANB11) and Bradesco (BBDC4) in recent days announced profits that fell short of estimates, which led to a drop in their respective shares.
In the year-to-date, Itaú's preferred shares have accumulated an appreciation . . .
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