No menu items!

Brazil’s Itaú exceeds projections and posts US$1.4 billion profit in Q4

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 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content