Itau Unibanco Banco Holding SA (NYSE:ITUB) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, ITUB is expected to report 2Q20 income of $ 0.09 per share from revenue of $ 5488.01 million.
For the full year, analysts anticipate top line of $ 23729.10 million, while looking forward to income of $ 0.40 per share bottom line.
Previous Quarter Performance
Itau Unibanco Banco Holding SA unfold income for the first quarter of $ 0.09 per share, from the revenue of $ 6,601.00 million. The quarterly earnings decreased 50.00 percent while revenues fell 14.84 percent compared with the same quarter last year.
Wall street analysts are predicting, ITUB to report 1Q20 income of $ 0.14 per share from revenue of $ 6852.80 million. The bottom line results missed street analysts by $ 0.05 or 35.71 percent, at the same time, top line results fell short of analysts by $ 251.8 million or 3.67 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ITUB was $ 5.10, representing a 46.55 % increase from the 52 week low of $ 3.48 and a 46.2 % decrease over the 52 week high of $ 9.48.
The company has a market capital of $ 47.96 billion and is part of the Financial Services sector and Banks – Regional – Latin America industry.
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Itaú Unibanco Holding S.A. provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. It operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation.
