+ Watch ITUB
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Buy low.. buy lower, when everyone is fearful. I wonder... when else to buy the Brazilian banks / stock.. when Goldmand and CNBC says EM or a good buy ? I think I would be selling then..
Monthly dividend. Twice a year pop.
Stock is not exactly cheap, but his position in Brazil is quite strong, and it has a clean balance sheet.
Largest latin american bank in an increasingly growing region.
Largest private sector bank in Brazil. Assets should double in the next 5 years. Deposit base and loan book growing at about 15% per year. Decent balance sheet.
Next financial crash coming
That's a strong empoyler, so will outperform.
fasting growing bank in brasil taking an undue hit today!
Expansion of Brazil's economy.
All the right economies for this bank in South America
It's a private bank in Brazil. Growth goes with the territory and the currency should be stronger than the dollar.
Banco Itau is now the largest bank in Latin America with the recent purchase of Unibanco. The Brazilian banking industry is flush with technical talent that equals the technical competence of US banks, Itau was not caught up in the derivatives quagmire, it was not highly leveraged, and business is recovering rapidly in Brazil. The exchange rate is currently favorable for US buyers but there is no way that can possibly continue, so even if this stock stagnates in Brazil the ADRs should appreciate as the US prints money.
Brazil's economy and core businesses will weather the economic recession better than other South American countries and this stock is particularly undervalued at this time.
BANCO ITAU (was the 2nd largest private bank) recently merged with UNIBANCO (3rd largest private bank), creating the largest bank in Brazil, taking the 1st place. These large brazilian banks (Bradesco, ITAU, Unibanco) are rock solid and they have investment grade given by Fitch Ratings and S&P's.
one of the leading banks in brazil. very competitive and a leader. excellent stats. invading NY; can you believe it?
big bank in growing brazil.makes sense.
brazil has for a long time been "the country of the future," which never seemed to arrive. i think the future is finally now for brazil, which is the "b" in "bric." itu is a big, solid bank which should enjoy a strong secular tailwind from this politically stable, growing and "under-owned" economy for years to come.
the stock market has tanked. The BOVESPA index in Brazil has slumped 24.5% since April 30, while the S&P 500 is down only 9.9% over the same period. This reflects declining commodity prices, risk aversion to emerging markets in general, and global economic slowing. the upgrade to investment grade will be helpful to Brazilian banks
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