Itaú Unibanco Holding S.A. (ITUB) Copy

Itaú Unibanco (NYSE: ITUB), Brazil’s largest private bank, is a BUY thanks to strong growth, profitability, and digital leadership. With 6.8% revenue CAGR, 20.8% ROE, and a solid capital base, the bank combines financial strength with market dominance in banking, insurance, and asset management. Its +59% YTD stock performance and low valuations (P/E 9.65x TTM, 8.11x forward) highlight attractive upside. Digital innovation, including blockchain initiatives, positions Itaú for future growth, while risks from Brazil’s economy remain manageable. With a 12-month target of $7.50–$8.00 plus dividends, Itaú offers investors a compelling mix of stability, innovation, and returns.