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Itaú Unibanco Holding S.A. is a major financial institution operating in the Financials sector, within the Banking industry, and was established in 2008 in Brazil through the merger of Banco Itaú and Unibanco. The company is currently led by CEO Milton Maluhy Filho and operates under the supervision of financial regulatory bodies such as the Central Bank of Brazil and the U.S. Securities and Exchange Commission (SEC).
With a diversified business model, Itaú Unibanco offers a broad range of financial products and services, including:
Retail and wholesale banking: serving individuals, small businesses, and large corporations.
Credit and financing services: personal and business loans, mortgage financing, and vehicle financing.
Investment management and pension plans: administration of investment funds, retirement plans, and fixed- and variable-income products.
Insurance and credit cards: providing multiple insurance solutions and issuing cards in partnership with major international payment networks.
Itaú Unibanco maintains a global presence, with operations across Latin America, the United States, Europe, and Asia, in addition to its strong domestic market in Brazil. The bank has branches and offices in key countries such as Argentina, Chile, Colombia, Paraguay, Uruguay, Mexico, Portugal, the United Kingdom, and China, supporting institutional clients and foreign investors.
The bank’s operational structure includes a network of over 3,000 branches and service points, thousands of ATMs, and digital banking platforms. Itaú Unibanco has made significant investments in digital transformation, expanding the use of artificial intelligence and automation to enhance customer experience and operational efficiency.
The institution employs tens of thousands of professionals and adheres to a corporate governance model focused on sustainability, innovation, and efficiency. It is also one of the leading financial institutions in Brazil in the adoption of open banking frameworks and strategic fintech partnerships.
History and Formation of Itaú Unibanco Holding S.A.
Itaú Unibanco’s origins trace back to the founding of Banco Itaú in 1945 and Unibanco in 1924, both in Brazil. Over several decades, the two institutions expanded their operations and became key players in the country’s financial system.
The most pivotal moment in their history occurred in 2008, when the two banks merged to form Itaú Unibanco Holding S.A., creating Latin America’s largest private bank. Following the merger, Itaú Unibanco strengthened its domestic and international presence through acquisitions and strategic partnerships.
Notable milestones in the company’s trajectory include:
2011: expansion of international operations, consolidating its footprint across Latin America and Europe.
2014: acquisition of Chile’s Corpbanca, extending its reach in Chile and Colombia.
2017: launch of fintech partnerships and digital banking platforms, marking the start of its technological transformation.
2019: modernization of customer service channels and expansion of its digital banking ecosystem, reinforcing its position in the payments and online services markets.
Between 2020 and 2024, Itaú Unibanco continued to invest in digitalization, integrating advanced technologies to enhance user experience and streamline operations. The institution also deepened its commitment to ESG principles (Environmental, Social, and Governance), developing initiatives focused on financial inclusion and sustainability.
Today, Itaú Unibanco stands as one of the leading financial institutions in Brazil and Latin America, combining tradition, innovation, and scale to maintain its prominent position in the global banking industry.
Additional Information
The Company Itau Unibanco Banco Holding SA (United States), is listed on Nasdaq with a market value of $ 111.24 Billions, having an equity of $ 39.42 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 29.90 Billions, which generated a profit in the amount of $ 8.12 Billions.
As for its main indicators, the Company has a P/E ratio of 13.69, a P/BV ratio of 2.82 and in the last 12 months the dividend yield of ITUB was at 5.10%.
The Company is traded internationally through the ticker ITUB.
