Headlines about Itau Unibanco Banco Holding SA (NYSE:ITUB) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Itau Unibanco Banco Holding SA earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.0474866082819 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Brazil’s Itaú Unibanco Q3 Profit Rose 11.8% as Cost of Credit Fell (foxbusiness.com)
- Brazil’s Itaú may further cut provisions as economy picks up -CEO (finance.yahoo.com)
- Itau Unibanco (ITUB) Q3 Earnings Impress on Lower Provisions (finance.yahoo.com)
- Brazil’s Itaú may cut provisions, boost loan book as economy recovers (finance.yahoo.com)
- Itau Unibanco Holding SA (ADR) (NYSE:ITUB) Gets Approval To Buy Citigroup Inc (NYSE:C) Retail Banking Unit (4-traders.com)
Several analysts recently issued reports on the stock. ValuEngine lowered shares of Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. BidaskClub lowered shares of Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Citigroup Inc. lowered shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co lowered shares of Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 target price for the company. in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.50.
Itau Unibanco Banco Holding SA declared that its board has initiated a share repurchase program on Thursday, August 31st that allows the company to buyback 60,000,000 shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.0048 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Wednesday, November 1st. Itau Unibanco Banco Holding SA’s dividend payout ratio is presently 5.36%.
About Itau Unibanco Banco Holding SA
Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.
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