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Banco Itau (ITUB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Itau Unibanco (ITUB) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
Itau Unibanco's (ITUB) Q3 earnings improve year over year on higher operating revenues and an expanded managerial financial margin. Although expenses rise, the balance-sheet position stays robust.
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In September 2006, Banco Itaú bought BankBoston's assets in Brazil, Chile, and Uruguay.. On November 4, 2008, Banco Itaú and Unibanco announced the merger that resulted in Banco Itaú Unibanco.
Higher revenues support Itau Unibanco's (ITUB) Q3 earnings. However, an increase in non-interest expenses hurt the results to some extent.
Itau Unibanco's (ITUB) third-quarter 2019 earnings highlight higher revenues, partly muted by elevated expenses and provisions.
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