Itaú Unibanco Holding S.A. (ITUB4.SA) stock analysis

In our weekly check, Itaú Unibanco Holding S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 5.

About Itaú Unibanco Holding S.A.

Itaú Unibanco Holding S.A. is a Financial Services company (Banks) based in Brazil, listed on SAO as ITUB4.SA.

What our checks show for ITUB4.SA

Red flags

• The gross margin fell by 20.6 points, to 35.9%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 19.1% a year.
• Return on capital (ROCE) is only 4%.

Warning signs

• The net margin fell by 1.7 points over 5 years, to 12.3%: the company keeps less of each sale as profit.
• The stock has fallen as much as 57% from a peak. Would you have held through that?
• The share count grew by 13% in 2 years: each shareholder owns a smaller slice.

Strengths

• Operating cash flow is 2.09x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 11.4% a year over the next years.
• Analysts expect the net margin to improve by 15.5 points from today's 12.3%.
• Earnings per share grew 12.6% a year over the last 3 years.
• Net profit grew 17% a year over the last 3 years.
• Free cash flow is 24.1% of revenue: cash for dividends, buybacks or growth.

Next earnings report: 2026-11-03

Similar companies

BBD · BCH · BSAC · DB · LYG

Questions

What grade does Itaú Unibanco Holding S.A. (ITUB4.SA) have?

In our weekly check, Itaú Unibanco Holding S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ITUB4.SA stock?

This week's biggest flags for Itaú Unibanco Holding S.A.: Gross margin falling, Weak revenue forecast, Low return on capital. In total 8 of 25 checks show a warning or a red flag.

What does Itaú Unibanco Holding S.A. do?

Itaú Unibanco Holding S.A. is a Financial Services company (Banks) based in Brazil, listed on SAO as ITUB4.SA.

When does Itaú Unibanco Holding S.A. report earnings next?

The next earnings report is expected on 2026-11-03. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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