# Itaú Unibanco Holding S.A. share price today (Itaú Unibanco Holding S.A., ITUB)

> Itaú Unibanco Holding S.A. grows steadily. It earns returns above 15% with few surprises. ITUB · Financials · Banks - Regional · data as of 5 November 2026. Page: https://www.sectoralpha.in/us/stocks/itub

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## Key numbers

- Business trend: Growing steadily, from fewer quarters than usual
- Price: $7.29 (−0.8% in a year)
- P/BV: 1.8×, against its own history
- Revenue (Jun 2026): BRL 37.1 B (+17.5% on a year ago)
- Profit (Jun 2026): BRL 12.0 B (+7.6% on a year ago)
- Net margin: 32.3% (−3.0 points on a year ago)
- ROE: 21%, FY25
- ROA: 1.54%, latest

Biggest thing to watch: the net margin is the best this company has ever reported. Every ratio looks better at a record, so the story depends on the net margin staying high. ## What is the Itaú Unibanco Holding S.A. share price today? Itaú Unibanco Holding S.A.'s share price was $7.29 at the close on 5 November 2026. It has been moving sideways for 2 weeks. That is 12.9% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. In the last 52 weeks it traded between $7 and $10, and at that close it sat 12% of the way up from that low. Over the last 10 years the share price moved +40% while the S&P 500 moved +245%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Itaú Unibanco Holding S.A. pay? Itaú Unibanco Holding S.A. declared BRL 0.40 per local share for Mar 2026, and BRL 7.41 over the last four reported quarters. It reports in Brazilian reais, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is Itaú Unibanco Holding S.A. on? Itaú Unibanco Holding S.A. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Itaú Unibanco Holding S.A. profitable? Itaú Unibanco Holding S.A. earned BRL 12.0 B of net profit in the Jun 2026 quarter, +7.6% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY25 profit was BRL 44.9 B. Over 4 years profit has grown 13.8% a year on average. That is 32.3% of the quarter's revenue. The same quarter a year earlier earned BRL 11.1 B. For the full year, FY25 profit was BRL 44.9 B (+9.2% on the year before). Why profit moved: revenue changed +17.5% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +9.3% and revenue +7.0%. Profit and revenue are moving at about the same pace. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## How much revenue does Itaú Unibanco Holding S.A. make, and is it growing? Itaú Unibanco Holding S.A. reported BRL 37.1 B of income in the Jun 2026 quarter, +17.5% on the same quarter a year earlier. Over 4 years it has grown 5.5% a year on average. The last full year, FY25, came in at BRL 139 B. The last four reported quarters add to BRL 144 B. FY25 revenue was BRL 139 B, +2.4% on the year before. Recent pace: the last four quarters grew +7.0% on average, against 5.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +6.6%, against +4.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +9.3%, against +12.5% a year (rolling over). This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## How much does Itaú Unibanco Holding S.A. keep from what it earns? Itaú Unibanco Holding S.A.'s net margin was 32.3% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 23.9% and 32.3%. The latest quarter is within that range. Across 5 years it has been between 23.9% and 32.3%, and FY25's 32.3% is the highest of them. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## How many of Itaú Unibanco Holding S.A.'s loans have gone bad? Itaú Unibanco Holding S.A. does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Itaú Unibanco Holding S.A.'s loan book growing? Itaú Unibanco Holding S.A.'s revenue was BRL 139 B in FY25, +2.4% on the year before, so the loan book is growing. The latest quarter was +17.5% on a year earlier. The net margin on that income is 32.3%, −3.0 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## What is Itaú Unibanco Holding S.A.'s P/BV ratio, and how does it compare with its own history? Itaú Unibanco Holding S.A.'s P/BV is 1.8×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the book value trend underneath matters more than the multiple. ## Is the Itaú Unibanco Holding S.A. business getting better or worse? Itaú Unibanco Holding S.A.'s business is growing steadily. Revenue and profit growth have stayed positive throughout, and ROE is steady at 20.5%. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: steady growth with healthy returns is how a business compounds over time. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Itaú Unibanco Holding S.A. earn on its equity and assets? Itaú Unibanco Holding S.A. earned a return on equity of 21% in FY25. Its lowest yearly reading on file was 16% in FY21. On its assets, every BRL 100 earned about BRL 1.54, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 13.8% a year over 4 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Itaú Unibanco Holding S.A. have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Itaú Unibanco Holding S.A. shareholding pattern? 0.5% of Itaú Unibanco Holding S.A.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 0.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Itaú Unibanco Holding S.A. from balance-sheet trouble? For Itaú Unibanco Holding S.A., the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Itaú Unibanco Holding S.A. rank in its industry? 50.1 out of 100, rank 14 of 20 in Banks - Regional, with 76% of the evidence available. Itaú Unibanco Holding S.A. scores 50.1 out of 100 against the 20 companies it is compared with in Banks - Regional, ranking 14. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 14.7 + 18.6 + 13.1 + 3.7 = 50.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Itaú Unibanco Holding S.A. compared with? Itaú Unibanco Holding S.A. ranks 14 of 20 Banks - Regional companies on the 4-Factor Sector Score, with 50.1 out of 100. 1. [East West Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/ewbc) EWBC · turning · Most evidence points up · 80% evidence 66.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 13.4% · Profit 15.8% · 81% evidence Capital efficiency 18.4/25 · ROA 1.7% · ROE 15.9% · GNPA n/a · 68% evidence Valuation 10.5/20 · P/BV 1.88× · P/BV÷ROE 0.12 · 70% evidence Relative strength 18.3/20 · Lead over its industry 6% · Lead over S&P 500 4.8% · 1 year 24.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19 + 18.4 + 10.5 + 18.3 = 66.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Pinnacle Financial Partners, Inc.](https://www.sectoralpha.in/us/stocks/pnfp) PNFP · turning · Evidence leans up · 80% evidence 62.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Income 100% · Profit 61.1% · 81% evidence Capital efficiency 8.3/25 · ROA 1% · ROE 8.9% · GNPA n/a · 68% evidence Valuation 12.8/20 · P/BV 0.96× · P/BV÷ROE 0.11 · 70% evidence Relative strength 19.3/20 · Lead over its industry 6.9% · Lead over S&P 500 5.6% · 1 year 20.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 8.3 + 12.8 + 19.3 = 62 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [First Citizens BancShares, Inc.](https://www.sectoralpha.in/us/stocks/fcnca) FCNCA · turning · Evidence leans up · 80% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 6.6% · Profit 1% · 81% evidence Capital efficiency 12.4/25 · ROA 1.1% · ROE 12.2% · GNPA n/a · 68% evidence Valuation 15.6/20 · P/BV 1.06× · P/BV÷ROE 0.09 · 70% evidence Relative strength 20.0/20 · Lead over its industry 10.8% · Lead over S&P 500 9.5% · 1 year 26.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 12.8 + 12.4 + 15.6 + 20 = 60.8 · What this means: Relative strength against the index is 9.5%, and revenue and profit growth are weak. 4. [Credicorp Ltd.](https://www.sectoralpha.in/us/stocks/bap) BAP · quiet · Evidence leans up · 76% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Income 12.9% · Profit 17.9% · 71% evidence Capital efficiency 19.8/25 · ROA 3.1% · ROE 21.2% · GNPA n/a · 68% evidence Valuation 9.1/20 · P/BV 2.72× · P/BV÷ROE 0.13 · 70% evidence Relative strength 9.4/20 · Lead over its industry 0.9% · Lead over S&P 500 -0.4% · 1 year 34.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.6 + 19.8 + 9.1 + 9.4 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [U.S. Bancorp](https://www.sectoralpha.in/us/stocks/usb) USB · quiet · Evidence leans up · 80% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Income 7.2% · Profit 17.5% · 81% evidence Capital efficiency 14.3/25 · ROA 1.2% · ROE 13% · GNPA n/a · 68% evidence Valuation 12.8/20 · P/BV 1.34× · P/BV÷ROE 0.1 · 70% evidence Relative strength 14.8/20 · Lead over its industry 4.2% · Lead over S&P 500 2.9% · 1 year 26.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.5 + 14.3 + 12.8 + 14.8 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [The PNC Financial Services Group, Inc.](https://www.sectoralpha.in/us/stocks/pnc) PNC · quiet · Evidence leans up · 80% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Income 14.4% · Profit 22.5% · 81% evidence Capital efficiency 14.8/25 · ROA 1.3% · ROE 12.9% · GNPA n/a · 68% evidence Valuation 11.3/20 · P/BV 1.42× · P/BV÷ROE 0.11 · 70% evidence Relative strength 9.8/20 · Lead over its industry 0.5% · Lead over S&P 500 -0.8% · 1 year 23.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.9 + 14.8 + 11.3 + 9.8 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [KeyCorp](https://www.sectoralpha.in/us/stocks/key) KEY · quiet · Evidence leans up · 80% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Income 27.7% · Profit 100% · 81% evidence Capital efficiency 10.1/25 · ROA 1.1% · ROE 10.2% · GNPA n/a · 68% evidence Valuation 11.4/20 · P/BV 1.2× · P/BV÷ROE 0.12 · 70% evidence Relative strength 7.9/20 · Lead over its industry -2% · Lead over S&P 500 -3.2% · 1 year 15.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.9 + 10.1 + 11.4 + 7.9 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Nu Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nu) NU · quiet · Evidence leans up · 76% evidence 56.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Income 44.3% · Profit 56.8% · 71% evidence Capital efficiency 19.4/25 · ROA 4.6% · ROE 29.2% · GNPA n/a · 68% evidence Valuation 7.0/20 · P/BV 4.9× · P/BV÷ROE 0.17 · 70% evidence Relative strength 2.7/20 · Lead over its industry -21.3% · Lead over S&P 500 -22.4% · 1 year -26% · 100% evidence · 6 of 12 weeks ahead Exact sum: 27.5 + 19.4 + 7 + 2.7 = 56.6 · What this means: Earnings are strong; relative strength in its sector is -21.3% and the one-year return is -26%. 9. [Citizens Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/cfg) CFG · quiet · Evidence leans up · 80% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Income 12.8% · Profit 35.8% · 81% evidence Capital efficiency 8.6/25 · ROA 1% · ROE 9% · GNPA n/a · 68% evidence Valuation 11.2/20 · P/BV 1.07× · P/BV÷ROE 0.12 · 70% evidence Relative strength 6.8/20 · Lead over its industry -0.6% · Lead over S&P 500 -1.9% · 1 year 23.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 25.3 + 8.6 + 11.2 + 6.8 = 51.9 · What this means: Earnings are strong; relative strength in its sector is -0.6% and the one-year return is 23.5%. 10. Banco Bradesco S.A. BBDO · quiet · Evidence leans up · 80% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Income 9% · Profit 22.6% · 81% evidence Capital efficiency 15.8/25 · ROA 1.2% · ROE 16% · GNPA n/a · 68% evidence Valuation 16.8/20 · P/BV 0.93× · P/BV÷ROE 0.06 · 70% evidence Relative strength 0.0/20 · Lead over its industry -26.9% · Lead over S&P 500 -27.8% · 1 year -24.3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 19.3 + 15.8 + 16.8 + 0 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Webster Financial Corporation](https://www.sectoralpha.in/us/stocks/wbs) WBS · Too little evidence to rank firmly · 56% evidence 50.9 out of 100 Growth Capital Valuation Relative
12. [Truist Financial Corporation](https://www.sectoralpha.in/us/stocks/tfc) TFC · turning · Evidence leans up · 80% evidence 50.4 out of 100 Growth Capital Valuation Relative
13. [M&T Bank Corporation](https://www.sectoralpha.in/us/stocks/mtb) MTB · quiet · Evidence leans up · 80% evidence 50.2 out of 100 Growth Capital Valuation Relative
14. Itaú Unibanco Holding S.A. this page ITUB · quiet · Evidence leans up · 76% evidence 50.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Income 6.6% · Profit 9.3% · 71% evidence Capital efficiency 18.6/25 · ROA 1.5% · ROE 21.8% · GNPA n/a · 68% evidence Valuation 13.1/20 · P/BV 2.09× · P/BV÷ROE 0.1 · 70% evidence Relative strength 3.7/20 · Lead over its industry -11.1% · Lead over S&P 500 -12.2% · 1 year -0.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 14.7 + 18.6 + 13.1 + 3.7 = 50.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 15. [Deutsche Bank Aktiengesellschaft](https://www.sectoralpha.in/us/stocks/db) DB · turning · Evidence leans up · 76% evidence 50.0 out of 100 Growth Capital Valuation Relative
16. [NatWest Group plc](https://www.sectoralpha.in/us/stocks/nwg) NWG · quiet · Evidence leans down · 76% evidence 49.5 out of 100 Growth Capital Valuation Relative
17. [Fifth Third Bancorp](https://www.sectoralpha.in/us/stocks/fitb) FITB · quiet · Evidence leans down · 80% evidence 47.8 out of 100 Growth Capital Valuation Relative
18. [Regions Financial Corporation](https://www.sectoralpha.in/us/stocks/rf) RF · quiet · Evidence leans down · 80% evidence 47.5 out of 100 Growth Capital Valuation Relative
19. [Lloyds Banking Group plc](https://www.sectoralpha.in/us/stocks/lyg) LYG · quiet · Evidence leans down · 80% evidence 46.6 out of 100 Growth Capital Valuation Relative
20. [Huntington Bancshares Incorporated](https://www.sectoralpha.in/us/stocks/hban) HBAN · basing · Evidence leans down · 80% evidence 44.1 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Banks - Regional](https://www.sectoralpha.in/us/sectors/banks-regional), all 20 compared on one page. ## Which companies are close to Itaú Unibanco Holding S.A. in size? Itaú Unibanco Holding S.A. is the 6th largest of 274 Banks - Regional companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: Mizuho Financial Group, Inc., U.S. Bancorp and The PNC Financial Services Group, Inc. Just below it: Lloyds Banking Group plc, Deutsche Bank Aktiengesellschaft and NatWest Group plc. ### Banks - Regional companies close in size

1. [Mizuho Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/mfg) $113.3 billion
2. [U.S. Bancorp](https://www.sectoralpha.in/us/stocks/usb) $93.1 billion
3. [The PNC Financial Services Group, Inc.](https://www.sectoralpha.in/us/stocks/pnc) $90 billion
4. Itaú Unibanco Holding S.A. $84.7 billion
5. [Lloyds Banking Group plc](https://www.sectoralpha.in/us/stocks/lyg) $74.5 billion
6. [Deutsche Bank Aktiengesellschaft](https://www.sectoralpha.in/us/stocks/db) $67 billion
7. [NatWest Group plc](https://www.sectoralpha.in/us/stocks/nwg) $60.9 billion

[All 274 Banks - Regional companies, largest first](https://www.sectoralpha.in/us/sectors/banks-regional#all-companies)

### Companies close in size in other industries

1. [Johnson Controls International plc](https://www.sectoralpha.in/us/stocks/jci) $85.1 billion · Building Products & Equipment
2. [Howmet Aerospace Inc.](https://www.sectoralpha.in/us/stocks/hwm) $84.9 billion · Aerospace & Defense
3. Itaú Unibanco Holding S.A. $84.7 billion
4. [The Travelers Companies, Inc.](https://www.sectoralpha.in/us/stocks/trv) $83.8 billion · Insurance - Property & Casualty
5. [Hilton Worldwide Holdings Inc.](https://www.sectoralpha.in/us/stocks/hlt) $83.8 billion · Lodging

## What else do people ask about Itaú Unibanco Holding S.A.? ### What were Itaú Unibanco Holding S.A.'s latest quarterly results? Itaú Unibanco Holding S.A. reported total income of BRL 37.1 B and net profit of BRL 12.0 B for the Jun 2026 quarter. Income rose 17.5% and profit rose 7.6% compared with a year earlier. The net margin was 32.3%, 3.0 percentage points lower than a year earlier (as of 5 November 2026). ### What is Itaú Unibanco Holding S.A.'s market cap? Itaú Unibanco Holding S.A.'s market capitalisation is $84.7 B at a stock price of $7.29. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 5 November 2026). ### How is Itaú Unibanco Holding S.A. performing? Itaú Unibanco Holding S.A.'s share price has been moving sideways for 2 weeks. In its latest quarter, income rose 17.5% and profit rose 7.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running (as of 5 November 2026). ### Will Itaú Unibanco Holding S.A.'s stock price go up? This page does not forecast Itaú Unibanco Holding S.A.'s stock price. What it shows instead: the stock price is $7.29, and it has been moving sideways for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 5 November 2026). ### Where is Itaú Unibanco Holding S.A. in its business cycle? Itaú Unibanco Holding S.A.'s FY25 net margin was 32.3%, against a 5-year range of 23.9% to 32.3%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 32.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 5 November 2026). ### What could break the Itaú Unibanco Holding S.A. story? Biggest thing to watch: the net margin is the best this company has ever reported. Every ratio looks better at a record, so the story depends on the net margin staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 5 November 2026). ### Is Itaú Unibanco Holding S.A. a stock worth studying right now? What the numbers show: Itaú Unibanco Holding S.A. grows steadily. It earns returns above 15% with few surprises. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 5 November 2026). This is research, not advice. We’re not SEBI-registered.