Itaú Unibanco

Established in 2008 through the merger of Banco Itaú and Unibanco, Itaú Unibanco is the largest private sector bank in Brazil and Latin America. It offers a comprehensive range of financial products and services, including retail and corporate banking, insurance, and asset management. In the third quarter of 2024, the bank reported an 18% increase in net recurring profit, amounting to 10.68 billion reais ($1.84 billion), surpassing analysts' expectations. Consequently, Itaú Unibanco raised its credit portfolio growth forecast for the year to between 9.5% and 12.5%, up from an earlier estimate of 6.5% to 9.5%. citeturn0news21

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