Itaú Unibanco: Soaring Profits and Strategic Gains in Brazil’s Banking Sector

Brazil’s Itaú Unibanco reported a net profit of R$ 10.1 billion ($1.77 billion) in the second quarter of 2024. This figure represents a 15.2% increase from the previous year. The bank’s annualized return on equity reached 22.4%, showing a 1.5 percentage point improvement. Furthermore, Itaú’s adjusted total credit portfolio grew to R$ 1.254 trillion ($220.00 […]