Banco Itau: Q2 Earnings Snapshot

SAO PAULO (AP) — SAO PAULO (AP) — Itau Unibanco Holding S.A. (ITUB) on Monday reported second-quarter net income of $1.74 billion.

The bank, based in Sao Paulo, said it had earnings of 18 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The financial holding company posted revenue of $16.58 billion in the period. Its revenue net of interest expense was $8.11 billion, which also topped Street forecasts.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ITUB at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up