ITUB
Unloved QualityItaú Unibanco Holding S.A. · Financial Services · Brazil · $106.6B cap · $312.7M/day traded
$7.39 +1.4% · close 6 Nov · scored 7 Nov
Unloved Quality: Strong and cheap, but the market has not warmed to it.
After its 3 Nov results, analysts cut next year's EPS estimate 3.7%.
As of 7 Nov 2026, the MoatMap Score for Itaú Unibanco Holding S.A. (ITUB) is 52/100, ranked against 25,000+ stocks in 38 markets (Quality 60, Value 53, Momentum 33, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT ITAÚ UNIBANCO HOLDING S.A.
Read
Itaú Unibanco Holding S.A. provides various financial products and services to personal and corporate customers in Brazil and internationally. It operates through three segments: Retail Business, Wholesale Business and Activities with the Market + Corporation.
FINANCIAL SUMMARY (USD)
Reported in BRL
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.5B | 29.7B | 29.6B | 29.6B | 3.8% | 26.8B | 31.3B | 33.8B | 6.0% |
| EPS | 1.07 | 1.23 | 1.42 | 1.48 | 11.6% | 0.81 | 1.55 | 1.75 | 7.8% |
| Shares | 5.4B | 5.4B | 5.4B | 5.4B | 0.0% | 5.4B | — | — | — |
| Debt | 81.0B | 93.2B | 83.7B | 102.9B | 8.3% | 213.4B | — | — | — |
| Equity | 31.7B | 39.2B | 34.2B | 37.3B | 5.6% | — | — | — | — |
| Op CF | 25.2B | 15.5B | 1.3B | 6.2B | -37.4% | -8.8B | — | — | — |
| Inv CF | -14.2B | -6.3B | 1.3B | 3.5B | — | — | — | — | — |
| Fin CF | -6.2B | -4.5B | -4.0B | -9.4B | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Swung more than 50% of stocks we rank over the past year (volatility 42% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of ITUB are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| ITUB | Itaú Unibanco Holding S.A.(you) | $106.6B | 52 |
| 1120.SR | Al Rajhi Banking and Investment Corporation | $99.1B | 51 |
| CABK.MC | CaixaBank, S.A. | $87.1B | 51 |
| BNP.SW | BNP Paribas SA | $110.6B | 55 |
| IBN | ICICI Bank Limited | $105.8B | 58 |
| UCG.WA | UniCredit S.p.A. | $119.3B | 57 |
| SBIN.NS | State Bank of India | $93.2B | 46 |
| MFG | Mizuho Financial Group, Inc. | $115.5B | 44 |
| O39.SI | Oversea-Chinese Banking Corporation Limited | $102.0B | 61 |
| LLOY.L | Lloyds Banking Group plc | $77.2B | 57 |
Peer medians: ROE 10.2% · P/E 12.0x · Gross margin 69.8%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.