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Itaú Unibanco

Itau Unibanco Holding S.A. (NYSE:ITUB)'s traded shares stood at 25.25 million during the last session, with the company's beta value hitting 0.72. At the close of trading, the stock's price was $5.61, to imply an increase of 1.08% or $0.06 in intraday trading. The ITUB share's 52-week high remains $6.15, putting it -9.63% down since that peak but still an impressive 26.92% since price per share fell to its 52-week low of $4.10. The company has a valuation of $52.10B, with an average of 19.59 million shares in intraday trading volume over the past 10 days and average of 19.78 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Itau Unibanco Holding S.A. (ITUB), translating to a mean rating of 2.40. Of 5 analyst(s) looking at the stock, 0 analyst(s) give ITUB a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company's current-quarter earnings per share at $0.18.

After registering a 1.08% upside in the last session, Itau Unibanco Holding S.A. (ITUB) has traded red over the past five days. The stock hit a weekly high of 5.85 this Thursday, 08/10/23, jumping 1.08% in its intraday price action. The 5-day price performance for the stock is -2.43%, and -3.55% over 30 days. With these gigs, the year-to-date price performance is 22.20%. Short interest in Itau Unibanco Holding S.A. (NYSE:ITUB) saw shorts transact 24.18 million shares and set a 1.32 days time to cover.

Analysts on Wall Street suggest a consensus price target of $6.79, implying an increase of 17.38% to the stock's current value. The extremes give us $6.00 and $7.15 for target low and target high price respectively. As such, ITUB has been trading -27.45% off suggested target high and -6.95% from its likely low.

Looking at statistics comparing Itau Unibanco Holding S.A. share performance against respective industry, we note that the company has outperformed competitors. Itau Unibanco Holding S.A. (ITUB) shares are 13.00% up over the last 6 months, with its year-to-date growth rate higher than industry average at 16.39% against 3.40%. Revenue is forecast to grow 12.50% this quarter before jumping 26.70% for the next one. The rating firms project that company's revenue will grow 13.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $7.93 billion. Meanwhile, for the quarter ending Dec 2023, a total of 2 analyst(s) estimate revenue growth to $8.27 billion.Earnings reports from the last fiscal year show that sales brought in $7 billion and $7.05 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 13.30% before jumping 17.40% in the following quarter.

An assessment of the company's 5-year growth patterns shows that annual earnings grew an estimated 5.00% for the past 5-year period. While 2023 is set for a 10.70% return in earnings, projections for the next 5 years are at 12.30% annually.

Itau Unibanco Holding S.A. has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company's other fundamental and operations related aspects too. Itau Unibanco Holding S.A. has a forward dividend ratio of 0.24, with the share yield ticking at 4.33% to continue the rising pattern observed over the past year. The company's average dividend yield trailing the past 5-year period is 0.00%.

Itau Unibanco Holding S.A. insiders hold 0.00% of total outstanding shares, with institutional holders owning 18.21% of the shares at 18.21% float percentage. In total, 18.21% institutions holds shares in the company, led by Goldman Sachs Group Inc. As of Mar 30, 2023, the company held over 92.56 million shares (or 1.91% of shares), all amounting to roughly $450.76 million.

The next major institution holding the largest number of shares is Schroder Investment Management Group with 89.85 million shares, or about 1.85% of shares outstanding. As of the market price on Mar 30, 2023, these shares were worth $437.57 million.

We also have Advisers Investment Tr-JOHCM International Select Fd and Vanguard International Stock Index-Emerging Markets Stk as the top two Mutual Funds with the largest holdings of the Itau Unibanco Holding S.A. (ITUB) shares. Going by data provided on Dec 30, 2022, Advisers Investment Tr-JOHCM International Select Fd holds roughly 26.93 million shares. This is just over 0.56% of the total shares, with a market valuation of $126.82 million. Data from the same date shows that the other fund manager holds a little less at 14.48 million, or 0.30% of the shares, all valued at about 72.1 million.

Should You Expect Itau Unibanco Holding S.A. (NYSE:ITUB) To Recover From Its 26.92% Gain From Highs?

Itau Unibanco Holding S.A. (NYSE: ITUB) on August 11, 2023, started off the session at the price of $5.62, plunging -0.53% from the previous trading day. During the day, the shares moved up to $5.66 and dropped to $5.565 before settling in for the closing price of $5.61. Within the past 52 weeks, ITUB's price has moved between $4.10 and $6.15.

Financial Sector giant saw their annual sales surged by 5.50% over the last five years. The company achieved an average annual earnings per share of 10.70%. With a float of $5.25 billion, this company's outstanding shares have now reached $9.79 billion.

The firm has a total of 100600 workers. Let's measure their productivity.

Observing investor behavior towards Banks - Regional industry stocks is more important than anything else. The insider ownership of Itau Unibanco Holding S.A. is 52.10%, while institutional ownership is 18.10%.

As on 6/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.18 earnings per share (EPS) for the period topping the consensus outlook (set at $0.17) by $0.01. This company achieved a net margin of +11.36 while generating a return on equity of 18.52. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 10.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company's EPS will surge by 13.05% during the next five years compared to 5.00% growth over the previous five years of trading.

Itau Unibanco Holding S.A. (ITUB) is currently performing well based on its current performance indicators. In addition, a publicly-traded company's price to sales ratio for the trailing twelve months stands at 1.20. Likewise, its price to free cash flow for the trailing twelve months is 1.92.

For the trailing twelve months, Company's Diluted EPS (Earnings per Share) is 0.63, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.81 in one year's time.

Analysing the last 5-days average volume posted by the [Itau Unibanco Holding S.A., ITUB], we can find that recorded value of 23.0 million was lower than the volume posted last year of 26.01 million. As of the previous 9 days, the stock's Stochastic %D was 23.61%. Additionally, its Average True Range was 0.14.

During the past 100 days, Itau Unibanco Holding S.A.'s (ITUB) raw stochastic average was set at 70.16%, which indicates a significant increase from 22.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.42% in the past 14 days, which was lower than the 28.40% volatility it showed in the past 100 days.

At the time of writing, stock's 50-day Moving Average is $5.80, while its 200-day Moving Average is $5.17. Now, the first resistance to watch is $5.64. This is followed by the second major resistance level at $5.70. The third major resistance level sits at $5.73. If the price goes on to break the first support level at $5.54, it is likely to go to the next support level at $5.51. Should the price break the second support level, the third support level stands at $5.45.

Market capitalization of the company is 51.51 billion based on 9,800,000K outstanding shares. Right now, sales total 54,889 M and income totals 5,753 M. The company made 14,573 M in profit during its latest quarter, and 1,416 M in sales during its previous quarter.

A major move is in the offing as Itau Unibanco Holding S.A. (ITUB) market cap hits 51.51 billion - News Daemon

Hello. Good morning, everyone! My name is Renato Lulia, and I'm the Head of Investor Relations and Market Intelligence at Itaú Unibanco. Thank you very much for attending this conference to discuss our earnings for the second quarter of 2023, which we are broadcasting directly from our office here at Faria Lima Avenue, in São Paulo.

Today's event will be divided into two parts. In the first part, Milton will detail our quarterly performance and earnings. This will be followed by a Q&A session, during which analysts and investors will have the opportunity to interact directly with us.

I'd like to give you some instructions so that we make the best use of our time today. For those who are watching on our website, there are three audio options on the screen: the entire content in Portuguese, the entire content in English, or in the original audio. In the first two options, there is simultaneous translation. To choose your option, just click on the flag that is in the upper left corner of your screen. As always, questions can also be sent via WhatsApp. To do this, just click on the button on the screen for those who are watching on our website, or alternatively send a message to the number (11) 97825-5798. Our presentation today is available for download on the website screen, as well as on our IR website.

I will now hand over to Milton, who will start the earnings presentation, and I will be back later to moderate the Q&A session. Milton, the floor is yours!

[Milton Maluhy]

Good morning, everybody! Welcome to our earnings presentation for the second quarter of 2023. Thank you, Renato. I'll get straight to the figures. We have a very direct presentation today in order to give you an overview of the figures, pick out some highlights, and at the end we'll talk about guidance.

So, let's get started. This quarter we've delivered R$8.7 billion in earnings, which represents growth of 3.6 percent, with a very strong ROE profitability of 20.9 percent, 21.5 percent in Brazil. In our opinion these are two very strong results. The Margin with clients grew by 3.7 percent to reach R$24.9 billion, and as you will see from the figures, this is a core result, with little impact from working capital. In terms of margin with the market, this was yet another very strong quarter. You are aware of the challenges faced in this area, but despite these we've been able to continue to deliver quarter after quarter, seeing 65 percent growth.

The delinquency ratio is stable, with a growth of 0.1 percentage points, as we've been anticipating for several quarters, meaning these are entirely in line with our expectation, and consistent with the information we've provided to you in the past.

The efficiency ratio is 39.6 percent on a consolidated basis, and in Brazil we reached the lowest ratio ever, which is great news, and was driven by key topline growth and cost control. We'll get into a bit more detail on both of these agendas a little later.

As for our loan portfolio, I've set out to you on past calls that the adjustments that have been made to this portfolio, such as de-risking in some segments, which were significant for our delinquency ratio and cost of credit. As such, it is only natural that we're seeing the portfolio's

Itaú Unibanco S A  :  Audio transcription 2Q23

Itau Unibanco Holding S.A. (NYSE:ITUB) has a beta value of 0.73 and has seen 15.25 million shares traded in the last trading session. The company, currently valued at $48.79B, closed the last trade at $5.36 per share which meant it lost -$0.05 on the day or -0.92% during that session. The ITUB stock price is -14.74% off its 52-week high price of $6.15 and 23.51% above the 52-week low of $4.10. If we look at the company's 10-day average daily trading volume, we find that it stood at 20.37 million shares traded. The 3-month trading volume is 19.54 million shares.

The consensus among analysts is that Itau Unibanco Holding S.A. (ITUB) is an Overweight stock at the moment, with a recommendation rating of 2.40. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.18.

Sporting -0.92% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 08/21/23 when the ITUB stock price touched $5.36 or saw a rise of 2.72%. Year-to-date, Itau Unibanco Holding S.A. shares have moved 16.75%, while the 5-day performance has seen it change -1.65%. Over the past 30 days, the shares of Itau Unibanco Holding S.A. (NYSE:ITUB) have changed -11.06%. Short interest in the company has seen 24.18 million shares shorted with days to cover at 1.32.

Wall Street analysts have a consensus price target for the stock at $6.99, which means that the shares' value could jump 23.32% from current levels. The projected low price target is $6.80 while the price target rests at a high of $7.15. In that case, then, we find that the current price level is -33.4% off the targeted high while a plunge would see the stock gain -26.87% from current levels.

Figures show that Itau Unibanco Holding S.A. shares have outperformed across the wider relevant industry. The company's shares have gained 6.70% over the past 6 months, with this year growth rate of 16.39%, compared to 3.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 12.50% and 26.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.80%.

1 analysts offering their estimates for the company have set an average revenue estimate of $8.28 billion for the current quarter. 1 have an estimated revenue figure of $8.95 billion for the next quarter concluding in Dec 2023. Year-ago sales stood $7 billion and $7.05 billion respectively for this quarter and the next, and analysts expect sales will grow by 18.20% for the current quarter and 27.10% for the next.

If we evaluate the company's growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.00% over the past 5 years. Earnings growth for 2023 is a modest 10.70% while over the next 5 years, the company's earnings are expected to increase by 13.05%.

Itau Unibanco Holding S.A. is expected to release its next earnings report in September this year, and investors are excited at the prospect of better dividends despite the company's debt issue. The forward dividend is 0.24 at a share yield of 4.48%. The company's dividend yield has gone up over the past 12 months.

Insiders own 0.00% of the company shares, while shares held by institutions stand at 18.21% with a share float percentage of 18.21%. Investors are also buoyed by the number of investors in a company, with Itau Unibanco Holding S.A. having a total of 419 institutions that hold shares in the company. The top two institutional holders are Schroder Investment Management Group with over 94.38 million shares worth more than $556.84 million. As of Jun 29, 2023, Schroder Investment Management Group held 1.95% of shares outstanding.

The other major institutional holder is Westwood Global Investments, LLC, with the holding of over 61.73 million shares as of Jun 29, 2023. The firm's total holdings are worth over $364.19 million and represent 1.27% of shares outstanding.

Also the top two Mutual Funds that are holding company's shares are Advisers Investment Tr-JOHCM International Select Fd and Vanguard International Stock Index-Emerging Markets Stk. As of Dec 30, 2022, the former fund manager holds about 0.56% shares in the company for having 26.93 million shares of worth $126.82 million while later fund manager owns 14.48 million shares of worth $72.1 million as of Jan 30, 2023, which makes it owner of about 0.30% of company's outstanding stock.

Itau Unibanco Holding S.A. (ITUB) Is Becoming Less Appealing To Investors After A -0.92% Fall

Itaú Unibanco Holding S.A. ("Itaú Unibanco") informs its stockholders and the market that on this date, through its subsidiaries, a binding stock purchase agreement was entered into with Banco Macro ("Macro"), through which all shares held in Banco Itaú Argentina S.A. and its subsidiaries ("BIA") will be sold.

After meeting certain precedent conditions set forth in the agreement and obtaining the required regulatory authorizations in Argentina, Itaú Unibanco, through its subsidiaries, will receive from Macro on the closing date of this transaction the approximate amount of R$250 million, which will be adjusted by BIA's net result, earned from April 1, 2023 to the closing date.

The non-recurring impact of this transaction on Itaú Unibanco's result is estimated to be negative by approximately R$1.2 billion, which will be recognized when the transaction is completed. The net impact on Itaú Unibanco's CET 1 capital will be immaterial.

After the completion of this transaction, Itaú Unibanco will continue serving corporate clients, both local and regional, and individuals in the wealth and private banking segments through its foreign units. It will also submit a request, to be approved by regulators in Argentina and in Brazil, to open a representative office in Argentina to carry out the activities permitted by its license and other conditions of the stock purchase agreement.

Itaú Unibanco S A  :  MATERIAL FACT - Form 6-K

SÃO PAULO, Aug. 24, 2023 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco") informs its stockholders and the market that on this date, through its subsidiaries, a binding stock purchase agreement was entered into with Banco Macro ("Macro"), through which all shares held in Banco Itaú Argentina S.A. and its subsidiaries ("BIA") will be sold.

After meeting certain precedent conditions set forth in the agreement and obtaining the required regulatory authorizations in Argentina, Itaú Unibanco, through its subsidiaries, will receive from Macro on the closing date of this transaction the approximate amount of R$250 million, which will be adjusted by BIA's net result, earned from April 1, 2023 to the closing date.

The non-recurring impact of this transaction on Itaú Unibanco's result is estimated to be negative by approximately R$1.2 billion, which will be recognized when the transaction is completed. The net impact on Itaú Unibanco's CET 1 capital will be immaterial.

After the completion of this transaction, Itaú Unibanco will continue serving corporate clients, both local and regional, and individuals in the wealth and private banking segments through its foreign units. It will also submit a request, to be approved by regulators in Argentina and in Brazil, to open a representative office in Argentina to carry out the activities permitted by its license and other conditions of the stock purchase agreement.

RENATO LULIA JACOB

Group Head of Investor Relations and Market Intelligence

ITAÚ UNIBANCO - MATERIAL FACT :  Sale of Banco Itaú Argentina

In last trading session, Itau Unibanco Holding S.A. (NYSE:ITUB) saw 13.53 million shares changing hands with its beta currently measuring 0.71. Company's recent per share price level of $5.55 trading at -$0.12 or -2.12% at ring of the bell on the day assigns it a market valuation of $50.52B. That closing price of ITUB's stock is at a discount of -10.81% from its 52-week high price of $6.15 and is indicating a premium of 26.13% from its 52-week low price of $4.10. Taking a look at company's average trading volume for last 10-days demonstrates a volume of 17.23 million shares which gives us an average trading volume of 19.33 million if we extend that period to 3-months.

For Itau Unibanco Holding S.A. (ITUB), analysts' consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.18 in the current quarter.

Upright in the red during last session for losing -2.12%, in the last five days ITUB remained trading in the green while hitting it's week-highest on Wednesday, 08/23/23 when the stock touched $5.55 price level, adding 2.46% to its value on the day. Itau Unibanco Holding S.A.'s shares saw a change of 20.89% in year-to-date performance and have moved 3.93% in past 5-day. Itau Unibanco Holding S.A. (NYSE:ITUB) showed a performance of -8.21% in past 30-days. Number of shares sold short was 24.18 million shares which calculate 1.32 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6.99 to the stock, which implies a rise of 20.6% to its current value. Analysts have been projecting $6.80 as a low price target for the stock while placing it at a high target of $7.15. It follows that stock's current price would drop -28.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.52% for stock's current value.

Statistics highlight that Itau Unibanco Holding S.A. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 11.13% of value to its shares in past 6 months, showing an annual growth rate of 18.03% while that of industry is 4.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 12.50% in the current quarter and calculating 26.70% increase in the next quarter. This year revenue growth is estimated to rise 13.80% from the last financial year's standing.

2 industry analysts have given their estimates about the company's current quarter revenue by setting an average figure of $8.26 billion for the same. And 2 analysts are in estimates of company making revenue of $8.67 billion in the next quarter that will end on Dec 2023. Company posted $7 billion and $7.05 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 18.00% while estimating it to be 23.00% for the next quarter.

Weighing up company's earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.00% during past 5 years. In 2023, company's earnings growth rate is likely to be around 10.70% while estimates for its earnings growth in next 5 years are of 13.05%.

Itau Unibanco Holding S.A. is more likely to be releasing its next quarterly report in September and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Insiders are in possession of 0.00% of company's total shares while institution are holding 18.21 percent of that, with stock having share float percentage of 18.21%. Investors also watch the number of corporate investors in a company very closely, which is 18.21% institutions for Itau Unibanco Holding S.A. that are currently holding shares of the company. Schroder Investment Management Group is the top institutional holder at ITUB for having 94.38 million shares of worth $523.81 million. And as of Jun 29, 2023, it was holding 1.95% of the company's outstanding shares.

The second largest institutional holder is Westwood Global Investments, LLC, which was holding about 61.73 million shares on Jun 29, 2023. The number of shares represents firm's hold over 1.27% of outstanding shares, having a total worth of $342.58 million.

On the other hand, Advisers Investment Tr-JOHCM International Select Fd and Hartford/Schroders Emerging Markets Equity Fd are the top two Mutual Funds which own company's shares. As of Mar 30, 2023, the former fund manager was holding 23.88 million shares of worth $132.51 million or 0.49% of the total outstanding shares. The later fund manager was in possession of 15.74 million shares on Apr 29, 2023, making its stake of worth around $87.35 million in the company or a holder of 0.32% of company's stock.

Itau Unibanco Holding S.A. (NYSE:ITUB) Stock Jumped 20.89% Year-To-Date, What Analysts Expect Next?

Itau Unibanco Holding's ITUB short percent of float has risen 16.0% since its last report. The company recently reported that it has 27.99 million shares sold short, which is 0.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.42 days to cover their short positions on average.

Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.

Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.

As you can see from the chart above the percentage of shares that are sold short for Itau Unibanco Holding has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.

Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.

According to Benzinga Pro, Itau Unibanco Holding's peer group average for short interest as a percentage of float is 0.86%, which means the company has less short interest than most of its peers.

Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.

(ITUB) - Analyzing Itau Unibanco Holding's Short Interest - Itau Unibanco Holding (NYSE:ITUB)

Itau Unibanco Holding S.A. (NYSE:ITUB)'s traded shares stood at 27.39 million during the last session, with the company's beta value hitting 0.71. At the close of trading, the stock's price was $5.50, to imply a decrease of -2.48% or -$0.14 in intraday trading. The ITUB share's 52-week high remains $6.15, putting it -11.82% down since that peak but still an impressive 25.45% since price per share fell to its 52-week low of $4.10. The company has a valuation of $50.96B, with an average of 18.77 million shares in intraday trading volume over the past 10 days and average of 18.76 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Itau Unibanco Holding S.A. (ITUB), translating to a mean rating of 2.40. Of 4 analyst(s) looking at the stock, 0 analyst(s) give ITUB a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company's current-quarter earnings per share at $0.19.

After registering a -2.48% downside in the last session, Itau Unibanco Holding S.A. (ITUB) has traded red over the past five days. The stock hit a weekly high of 5.84 this Thursday, 08/31/23, dropping -2.48% in its intraday price action. The 5-day price performance for the stock is -0.90%, and -7.09% over 30 days. With these gigs, the year-to-date price performance is 19.91%. Short interest in Itau Unibanco Holding S.A. (NYSE:ITUB) saw shorts transact 27.99 million shares and set a 1.39 days time to cover.

Analysts on Wall Street suggest a consensus price target of $6.99, implying an increase of 21.32% to the stock's current value. The extremes give us $6.80 and $7.15 for target low and target high price respectively. As such, ITUB has been trading -30.0% off suggested target high and -23.64% from its likely low.

Looking at statistics comparing Itau Unibanco Holding S.A. share performance against respective industry, we note that the company has outperformed competitors. Itau Unibanco Holding S.A. (ITUB) shares are 23.14% up over the last 6 months, with its year-to-date growth rate higher than industry average at 19.67% against 6.10%. Revenue is forecast to grow 18.80% this quarter before jumping 26.70% for the next one. The rating firms project that company's revenue will grow 13.70% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $8.26 billion. Meanwhile, for the quarter ending Dec 2023, a total of 2 analyst(s) estimate revenue growth to $8.67 billion.Earnings reports from the last fiscal year show that sales brought in $7 billion and $7.05 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 18.00% before jumping 23.00% in the following quarter.

An assessment of the company's 5-year growth patterns shows that annual earnings grew an estimated 5.00% for the past 5-year period. While 2023 is set for a 10.70% return in earnings, projections for the next 5 years are at 13.05% annually.

Itau Unibanco Holding S.A. has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company's other fundamental and operations related aspects too. Itau Unibanco Holding S.A. has a forward dividend ratio of 0.24, with the share yield ticking at 4.36% to continue the rising pattern observed over the past year. The company's average dividend yield trailing the past 5-year period is 0.00%.

Itau Unibanco Holding S.A. insiders hold 0.00% of total outstanding shares, with institutional holders owning 18.21% of the shares at 18.21% float percentage. In total, 18.21% institutions holds shares in the company, led by Schroder Investment Management Group. As of Jun 29, 2023, the company held over 94.38 million shares (or 1.95% of shares), all amounting to roughly $556.84 million.

The next major institution holding the largest number of shares is Westwood Global Investments, LLC with 61.73 million shares, or about 1.27% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $364.19 million.

We also have Advisers Investment Tr-JOHCM International Select Fd and Hartford/Schroders Emerging Markets Equity Fd as the top two Mutual Funds with the largest holdings of the Itau Unibanco Holding S.A. (ITUB) shares. Going by data provided on Jun 29, 2023, Advisers Investment Tr-JOHCM International Select Fd holds roughly 23.56 million shares. This is just over 0.49% of the total shares, with a market valuation of $138.97 million. Data from the same date shows that the other fund manager holds a little less at 15.74 million, or 0.32% of the shares, all valued at about 81.06 million.

Itau Unibanco Holding S.A. (NYSE: ITUB): Can A Stock Be 19.91% Higher Year-To-Date And Still Be A Loser?

This Amendment No. 3 to combined Schedule TO and Schedule 13E-3 Transaction Statement under cover of Schedule TO (together with any exhibits and annexes attached hereto, and as it may be amended or supplemented from time to time, this "Amendment No. 3") is being filed on behalf of Itaú Unibanco Holding S.A., a company organized under the laws of the Federative Republic of Brazil ("IUH") and ITB Holding Brasil Participações Ltda., a limited liability company organized under the laws of the Federative Republic of Brazil ("Purchaser") and an indirect wholly owned subsidiary of IUH. This Amendment No. 3 amends and supplements the Tender Offer Statement on combined Schedule TO and Schedule 13E-3 under cover of Schedule TO, filed by IUH and Purchaser with the U.S. Securities and Exchange Commission (the "SEC") on June 6, 2023 (together with any amendments and supplements thereto, the "Schedule TO"). The Schedule TO relates to the offer by Purchaser and IUH to purchase: (1) any and all outstanding common shares, no par value per share (the "Common Shares") of Banco Itaú Chile (formerly known as Itaú CorpBanca), a publicly-traded special banking corporation (sociedad anónima especial bancaria) organized under the laws of the Republic of Chile (the "Company"), held by U.S. holders (within the meaning of Rule 14d-1(d) under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), which defines a U.S. holder as "any security holder resident in the United States"); and (2) any and all outstanding American Depositary Shares (each of which represents one-third of one Common Share) of the Company (the "ADSs," and together with the Common Shares, the "Shares"), held by holders, wherever located, in each case other than any Shares owned directly or indirectly by IUH and/or its affiliates, for 8,500 Chilean pesos in cash per Common Share and 2,833.3333 Chilean pesos in cash per ADS (together, the "U.S. Offer Price"), without interest and less (i) any applicable brokerage fees and commissions and (ii) applicable withholding taxes, upon the terms and subject to the conditions set forth in the offer to purchase, dated June 6, 2023 (the "U.S. Offer to Purchase") and other related materials, including the form of acceptance for the Common Shares (the "Common Share Acceptance Form"), the letter of transmittal for ADSs (the "ADS Letter of Transmittal") and the notice of "guaranteed delivery" for the ADSs (the "ADS Notice of Guaranteed Delivery") which, together with any amendments or supplements thereto, collectively constitute the "U.S. Offer," copies of which are attached as Exhibits (a)(1)(A), (a)(1)(C), (a)(1)(B) and (a)(1)(D), respectively, to the Schedule TO. Concurrently with the U.S. Offer, Purchaser is offering to purchase any and all outstanding Common Shares, other than Common Shares currently owned directly or indirectly by IUH and/or its affiliates, including Common Shares held by U.S. Holders (the "Chilean Offer" and, together with the U.S. Offer, the "Offers"). Unless otherwise defined herein, capitalized terms used in this Amendment No. 3 shall have the meaning given to them in the U.S. Offer to Purchase.

Except as otherwise set forth in this Amendment No. 3, the information set forth in the Schedule TO, the U.S. Offer to Purchase (including all schedules thereto) and the related Common Share Acceptance Form, ADS Letter of Transmittal and ADS Notice of Guaranteed Delivery, remains unchanged and is hereby expressly incorporated by reference to the extent relevant to the items in this Amendment No. 3.

Items 1 through 13.

The U.S. Offer to Purchase and Items 1 through 13 of the Schedule TO, to the extent such Items 1 through 13 incorporate by reference the information contained in the U.S. Offer to Purchase, are hereby amended and supplemented by adding the following paragraph thereto:

"The U.S. Offer expired as scheduled at one (1) minute past 11:59 p.m., New York City time, on July 5, 2023. The U.S. Tender Agent has advised Purchaser and IUH that as of the Expiration Date, no Common Shares and a total of 535,796 ADSs (representing approximately 178,599 Common Shares and representing in the aggregate approximately 8.39% of the Company's outstanding ADSs), were properly tendered and not validly withdrawn in the U.S. Offer. These amounts do not include an additional 18,874 ADSs tendered via notice of guaranteed delivery and not yet delivered as of the date of this amendment. All conditions to the U.S. Offer having been satisfied, Purchaser and IUH accepted for payment, and expect to pay for, all Common Shares and ADSs properly tendered and not validly withdrawn pursuant to the U.S. Offer at a purchase price of: (i) the U.S. dollar equivalent of 8,500.00 Chilean Pesos per Common Share and

Itaú Unibanco S A  :  Informação Prestada às Bolsas Estrangeiras

Itaú Unibanco Holding S.A. ("Company") informs its stockholders and the general market that, in line with the announcements to the market of March 2, 2023 and May 29, 2023, holders of 2,122,994 shares and 554,650 American Depositary Shares (representing 184,883 shares) (collectively, the "Shares") of Banco Itaú Chile and representing approximately 1.07% of its total capital stock, have tendered their Shares in the voluntary tender offer held concurrently in Chile and in the United States between June 6, 2023 and July 5, 2023 ("Tender Offers"). After the settlement of the Tender Offers, which is expected to occur by July 13, 2023 ("Settlement Date"), the Company will hold, directly or indirectly, Shares representing 66.69% of Banco Itaú Chile's total capital stock.

The stockholders who have tendered their shares in the Tender Offers will be entitled to receive a total amount of 19,616,957,314.85 chilean pesoson the Settlement Date.

The expected effect on the Company's capital ratios is immaterial.

Itaú Unibanco S A  :  ANNOUNCEMENT TO THE MARKET - Form 6-K

July 07, 2023, Itau Unibanco Holding S.A. (NYSE: ITUB) trading session started at the price of $5.88, that was 3.63% jump from the session before. During the day, the shares moved up to $6.02 and dropped to $5.88 before settling in for the closing price of $5.79. A 52-week range for ITUB has been $3.67 - $6.08.

Annual sales at Financial sector company grew by 5.50% over the past five years. When this article was written, the company's average yearly earnings per share was at 10.70%. With a float of $5.25 billion, this company's outstanding shares have now reached $9.79 billion.

Let's look at the performance matrix of the company that is accounted for 100600 employees.

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Itau Unibanco Holding S.A. stocks. The insider ownership of Itau Unibanco Holding S.A. is 52.10%, while institutional ownership is 18.10%.

Going through the last 3-months fiscal report unveiled on the 3/30/2023, it has been observed that the corporation posted $0.17 earnings per share (EPS) during the time that was better than consensus figure (set at $0.17) by $0. This company achieved a net margin of +11.36 while generating a return on equity of 18.52. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 10.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company's EPS will surge by 12.30% during the next five years compared to 5.00% growth over the previous five years of trading.

You can see what Itau Unibanco Holding S.A. (ITUB) is doing with its current performance indicators. In the most recent quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 1.25. Likewise, its price to free cash flow for the trailing twelve months is 2.11.

For the trailing twelve months, Company's Diluted EPS (Earnings per Share) is 0.63, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.79 in one year's time.

Itau Unibanco Holding S.A. (NYSE: ITUB) saw its 5-day average volume 15.02 million, a negative change from its year-to-date volume of 27.24 million. As of the previous 9 days, the stock's Stochastic %D was 58.06%. Additionally, its Average True Range was 0.14.

During the past 100 days, Itau Unibanco Holding S.A.'s (ITUB) raw stochastic average was set at 95.65%, which indicates a significant increase from 77.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.74% in the past 14 days, which was lower than the 33.18% volatility it showed in the past 100 days.

At the time of writing, stock's 50-day Moving Average is $5.51, while its 200-day Moving Average is $5.13. Nevertheless, the first resistance level for the watch stands at $6.05 in the near term. At $6.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.19. If the price goes on to break the first support level at $5.91, it is likely to go to the next support level at $5.83. The third support level lies at $5.77 if the price breaches the second support level.

There are 9,800,000K outstanding shares of the company, which has a market capitalization of 53.35 billion. As of now, sales total 54,889 M while income totals 5,753 M. Its latest quarter income was 14,573 M while its last quarter net income were 1,416 M.

Itau Unibanco Holding S.A. (ITUB) recent activity suggests a positive outlook with the last week's performance of 3.16% - News Daemon

In last trading session, Itau Unibanco Holding S.A. (NYSE:ITUB) saw 14.46 million shares changing hands with its beta currently measuring 0.69. Company's recent per share price level of $5.82 trading at -$0.01 or -0.17% at ring of the bell on the day assigns it a market valuation of $51.75B. That closing price of ITUB's stock is at a discount of -4.47% from its 52-week high price of $6.08 and is indicating a premium of 36.94% from its 52-week low price of $3.67. Taking a look at company's average trading volume for last 10-days demonstrates a volume of 15.23 million shares which gives us an average trading volume of 20.56 million if we extend that period to 3-months.

For Itau Unibanco Holding S.A. (ITUB), analysts' consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.17 in the current quarter.

Upright in the red during last session for losing -0.17%, in the last five days ITUB remained trading in the red while hitting it's week-highest on Friday, 07/07/23 when the stock touched $5.82 price level, adding 3.32% to its value on the day. Itau Unibanco Holding S.A.'s shares saw a change of 26.69% in year-to-date performance and have moved -2.02% in past 5-day. Itau Unibanco Holding S.A. (NYSE:ITUB) showed a performance of 3.66% in past 30-days. Number of shares sold short was 26.01 million shares which calculate 1.22 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6.76 to the stock, which implies a rise of 13.91% to its current value. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $7.24. It follows that stock's current price would drop -24.4% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3.09% for stock's current value.

Statistics highlight that Itau Unibanco Holding S.A. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 23.80% of value to its shares in past 6 months, showing an annual growth rate of 14.75% while that of industry is 2.20. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 6.30% in the current quarter and calculating 12.50% increase in the next quarter. This year revenue growth is estimated to rise 7.90% from the last financial year's standing.

2 industry analysts have given their estimates about the company's current quarter revenue by setting an average figure of $7.58 billion for the same. And 2 analysts are in estimates of company making revenue of $7.92 billion in the next quarter that will end on Sep 2023. Company posted $7.33 billion and $7 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 3.40% while estimating it to be 13.20% for the next quarter.

Weighing up company's earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.00% during past 5 years. In 2023, company's earnings growth rate is likely to be around 10.70% while estimates for its earnings growth in next 5 years are of 12.30%.

Itau Unibanco Holding S.A. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Insiders are in possession of 0.00% of company's total shares while institution are holding 17.91 percent of that, with stock having share float percentage of 17.91%. Investors also watch the number of corporate investors in a company very closely, which is 17.91% institutions for Itau Unibanco Holding S.A. that are currently holding shares of the company. Goldman Sachs Group Inc is the top institutional holder at ITUB for having 92.56 million shares of worth $450.76 million. And as of Mar 30, 2023, it was holding 1.91% of the company's outstanding shares.

The second largest institutional holder is Schroder Investment Management Group, which was holding about 89.85 million shares on Mar 30, 2023. The number of shares represents firm's hold over 1.85% of outstanding shares, having a total worth of $437.57 million.

On the other hand, Advisers Investment Tr-JOHCM International Select Fd and Vanguard International Stock Index-Emerging Markets Stk are the top two Mutual Funds which own company's shares. As of Dec 30, 2022, the former fund manager was holding 26.93 million shares of worth $126.82 million or 0.56% of the total outstanding shares. The later fund manager was in possession of 14.48 million shares on Jan 30, 2023, making its stake of worth around $72.1 million in the company or a holder of 0.30% of company's stock.

Itau Unibanco Holding S.A. (NYSE:ITUB)'s 12-Month Price Target Is Now Set At $7.24.

Itau Unibanco Holding S.A. (NYSE:ITUB)'s traded shares stood at 23.48 million during the last session, with the company's beta value hitting 0.69. At the close of trading, the stock's price was $5.79, to imply a decrease of -0.69% or -$0.04 in intraday trading. The ITUB share's 52-week high remains $6.08, putting it -5.01% down since that peak but still an impressive 32.82% since price per share fell to its 52-week low of $3.89. The company has a valuation of $53.99B, with an average of 16.77 million shares in intraday trading volume over the past 10 days and average of 19.59 million shares over the past 3 months.

After registering a -0.69% downside in the last session, Itau Unibanco Holding S.A. (ITUB) has traded red over the past five days. The stock hit a weekly high of 5.98 this Wednesday, 07/19/23, dropping -0.69% in its intraday price action. The 5-day price performance for the stock is -0.52%, and -0.90% over 30 days. With these gigs, the year-to-date price performance is 26.04%. Short interest in Itau Unibanco Holding S.A. (NYSE:ITUB) saw shorts transact 25.16 million shares and set a 1.31 days time to cover.

Looking at statistics comparing Itau Unibanco Holding S.A. share performance against respective industry, we note that the company has outperformed competitors. Itau Unibanco Holding S.A. (ITUB) shares are 16.40% up over the last 6 months, with its year-to-date growth rate higher than industry average at 14.75% against 2.50%. Revenue is forecast to grow 6.30% this quarter before jumping 12.50% for the next one. The rating firms project that company's revenue will grow 9.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $7.61 billion. Meanwhile, for the quarter ending Sep 2023, a total of 2 analyst(s) estimate revenue growth to $8.03 billion.Earnings reports from the last fiscal year show that sales brought in $7.33 billion and $7 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.80% before jumping 14.80% in the following quarter.

An assessment of the company's 5-year growth patterns shows that annual earnings grew an estimated 5.00% for the past 5-year period. While 2023 is set for a 10.70% return in earnings, projections for the next 5 years are at 12.30% annually.

Itau Unibanco Holding S.A. has its next earnings report out in August. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company's other fundamental and operations related aspects too. Itau Unibanco Holding S.A. has a forward dividend ratio of 0.24, with the share yield ticking at 4.20% to continue the rising pattern observed over the past year. The company's average dividend yield trailing the past 5-year period is 0.00%.

Itau Unibanco Holding S.A. insiders hold 0.00% of total outstanding shares, with institutional holders owning 17.91% of the shares at 17.91% float percentage. In total, 17.91% institutions holds shares in the company, led by Goldman Sachs Group Inc. As of Mar 30, 2023, the company held over 92.56 million shares (or 1.91% of shares), all amounting to roughly $450.76 million.

The next major institution holding the largest number of shares is Schroder Investment Management Group with 89.85 million shares, or about 1.85% of shares outstanding. As of the market price on Mar 30, 2023, these shares were worth $437.57 million.

We also have Advisers Investment Tr-JOHCM International Select Fd and Vanguard International Stock Index-Emerging Markets Stk as the top two Mutual Funds with the largest holdings of the Itau Unibanco Holding S.A. (ITUB) shares. Going by data provided on Dec 30, 2022, Advisers Investment Tr-JOHCM International Select Fd holds roughly 26.93 million shares. This is just over 0.56% of the total shares, with a market valuation of $126.82 million. Data from the same date shows that the other fund manager holds a little less at 14.48 million, or 0.30% of the shares, all valued at about 72.1 million.

Itau Unibanco Holding S.A. (NYSE:ITUB) Up 32.82% Since 52-Week Low; YTD Rose 26.04% - Here's What You Need To Do

Itau Unibanco Holding's ITUB short percent of float has fallen 3.85% since its last report. The company recently reported that it has 23.98 million shares sold short, which is 0.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.55 days to cover their short positions on average.

Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.

Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.

As you can see from the chart above the percentage of shares that are sold short for Itau Unibanco Holding has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.

Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.

According to Benzinga Pro, Itau Unibanco Holding's peer group average for short interest as a percentage of float is 1.02%, which means the company has less short interest than most of its peers.

Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.

Peering Into Itau Unibanco Holding's Recent Short Interest - Itau Unibanco Holding (NYSE:ITUB)

Benzinga - Itau Unibanco Holding's (NYSE:ITUB) short percent of float has fallen 3.85% since its last report. The company recently reported that it has 23.98 million shares sold short, which is 0.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.55 days to cover their short positions on average.

Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.

Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.

Itau Unibanco Holding Short Interest Graph (3 Months)

As you can see from the chart above the percentage of shares that are sold short for Itau Unibanco Holding has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.

Comparing Itau Unibanco Holding's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.

According to Benzinga Pro, Itau Unibanco Holding's peer group average for short interest as a percentage of float is 1.02%, which means the company has less short interest than most of its peers.

Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.

This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Itau Unibanco Holding's Recent Short Interest By Benzinga

Employee reviews, regulatory complaints, and investigative reports raise serious concerns about XP's operations.

XP Inc XP, a prominent Brazilian investment services company, is facing serious allegations of internal turmoil, unethical practices, and potential implosion. These assertions are detailed in a short report by Edwin Dorsey, author of "The Bear Cave."

The company, committed to transforming the financial markets in Brazil, is now under scrutiny, with various signs pointing to a broken system, according to Dorsey's analysis.

Founded in 2001, XP has expanded to over 4 million clients, offering a wide array of financial products through more than 13,000 autonomous brokers. However, according to Dorsey, the company's model is on the verge of collapse, with issues ranging from infuriated brokers to a toxic management culture. "The Bear Cave" outlines these findings and raises serious concerns about XP's future.

XP didn't immediately respond to Benzinga's request for comment.

Internal Struggles And Unethical Practices

Recent reviews on Glassdoor, as highlighted by "The Bear Cave," paint a grim picture of XP's internal environment. Employees have described XP as an "extremely unethical company" that forces them to sell products without considering the customer's profile. Other reviews lament the toxic environment and corrupt management culture within the company, according to Dorsey.

Also Read: 'We Are Still In The Wait And See Stage': 5 PayPal Analysts Weigh In As Stock Tanks Despite Q2 Earnings Beat

An internal email from XP's founder and chairman, Guilherme Benchimol, reveals his dissatisfaction with the company's direction. "The Bear Cave" cites Benchimol's concerns over the transformation of great leaders into bureaucrats and the decline in client trust. "Have they lost the will to keep winning and moving forward? Are we giving it all we can? Currently, the average account opening with investment over 300,000 reais is, unbelievably, 0.3 per advisor per month. To believe that an advisor opens only four accounts a year is unacceptable...," Benchimol said in the email, as reported by "The Bear Cave."

Dorsey also points to XP's potential regulatory issues. BSM Supervisão, a self-regulating entity connected to Brazil's primary stock exchange, has jurisdiction over XP. From 2009 to 2018, approximately 141 complaints were filed against XP, a number significantly higher than other financial institutions like Banco Bradesco BBD, Banco Santander SAN, and Itaú Unibanco ITUB, "The Bear Cave" states.

"The Bear Cave" further highlights a 2020 investigative research report by The Winkler Group that raised questions regarding XP's asset values, revenue recognition, and deductions. The report also documented a pattern of regulatory noncompliance and questionable executive judgment. XP dismissed the allegations, stating, "We reject The Winkler Group report's allegations. We achieved our goals through hard work and dedication, and did not take any shortcuts," as cited by "The Bear Cave."

With these allegations brought to light by Dorsey and "The Bear Cave," investors and clients alike will be closely watching how XP addresses these concerns.

Now Read: Nikola Has 2 Key Events This Week: Here's A Roadmap For EV Investors To Navigate The Days Ahead

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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