Itaú Unibanco (ITUB) Stock Analysis

November 11, 2026

This is a peer-relative look at Itaú Unibanco (ITUB): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

Itaú Unibanco (ITUB) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Itaú Unibanco (ITUB)
Profile Item	ITUB
Name	Itaú Unibanco Holding S.A. ADR
Country/Region	Brazil
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Diversified Banks
Market Capitalization	81.45 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 25, 2002
Security Type	ADR

Price Performance

Cumulative Growth

ITUB

GSPC

Itaú Unibanco (ITUB) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Itaú Unibanco (ITUB) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Itaú Unibanco (ITUB) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
Total Return (1Y)	9.95%	30.28%
Total Return (3Y, Annualized)	21.78%	26.57%
Total Return (5Y, Annualized)	23.68%	9.43%

Risk Profile

Drawdown History

ITUB

GSPC

Itaú Unibanco (ITUB) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Itaú Unibanco (ITUB) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
Volatility (1Y, Annualized)	42.09%	24.34%
Beta (5Y)	0.55	0.72
Max Drawdown (5Y)	-31.60%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. ITUB is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
Sharpe Ratio (1Y)	0.13	1.08
Sortino Ratio (1Y)	0.19	1.61

Profitability

ROE (TTM)

Itaú Unibanco (ITUB) posts ROE of 20.96%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

ITUB

Banks industry group

20.96%

Group distribution

ITUB: 20.96%
Max: 19.84%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

Largest peers

ITUB: 20.96%
JPM: 18.01%
RY: 16.21%
HSBC: 14.22%
WFC: 12.91%
BAC: 10.73%
MUFG: 9.46%

Where Itaú Unibanco (ITUB) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Itaú Unibanco (ITUB) keeps 32.46% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

ITUB

Banks industry group

32.46%

Group distribution

Max: 47.19%
Q3: 35.25%
ITUB: 32.46%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

Largest peers

HSBC: 41.16%
JPM: 34.59%
RY: 33.87%
ITUB: 32.46%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%

Where Itaú Unibanco (ITUB) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Itaú Unibanco (ITUB) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
ROE (TTM)	20.96%	11.49%
ROA (TTM)	1.55%	1.24%
Net Margin (TTM)	32.46%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Itaú Unibanco (ITUB) grew revenue 4.21%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

Itaú Unibanco (ITUB): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

Itaú Unibanco (ITUB) grew earnings per share 9.21%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Itaú Unibanco (ITUB): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
Revenue Growth (YoY)	4.21%	11.23%
Revenue Growth (3Y CAGR)	6.61%	6.33%
EPS Growth (YoY)	9.21%	16.14%
EPS Growth (3Y CAGR)	14.71%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Itaú Unibanco (ITUB) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Itaú Unibanco (ITUB) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Itaú Unibanco (ITUB) has dividend yield of 40.54%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

ITUB

Banks industry group

40.54%

Group distribution

ITUB: 40.54%
Max: 5.79%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

Largest peers

MUFG: 406.81%
ITUB: 40.54%
RY: 3.23%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%

Where Itaú Unibanco (ITUB) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Itaú Unibanco (ITUB) has payout ratio of 70.75%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

ITUB

Banks industry group

70.75%

Group distribution

ITUB: 70.75%
Max: 70.75%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

Largest peers

ITUB: 70.75%
HSBC: 53.57%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
WFC: 26.09%
JPM: 25.80%

Where Itaú Unibanco (ITUB) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
Dividend Yield (TTM)	40.54%	2.39%
Dividend Payout Ratio (TTM)	70.75%	29.26%

Valuation

P/E Ratio (TTM)

Itaú Unibanco (ITUB) trades at P/E ratio of 9.12, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

ITUB

Banks industry group

9.12

Group distribution

Max: 18.16
Q3: 13.75
Median: 11.81
Q1: 10.64
ITUB: 9.12
Min: 6.49

Largest peers

RY: 17.58
JPM: 14.03
MUFG: 13.71
WFC: 11.84
BAC: 11.79
HSBC: 11.38
ITUB: 9.12

Where Itaú Unibanco (ITUB) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for Itaú Unibanco (ITUB) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

Itaú Unibanco (ITUB) trades at 1.79 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

ITUB

Banks industry group

1.79

Group distribution

Max: 2.28
ITUB: 1.79
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
JPM: 2.53
ITUB: 1.79
MUFG: 1.64
WFC: 1.59
BAC: 1.26

Where Itaú Unibanco (ITUB) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Itaú Unibanco (ITUB) metric values compared with Banks industry-group medians
Metric	Current stock: ITUB	Industry group median
P/E Ratio (TTM)	9.12	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.79	1.32
Free Cash Flow Yield (TTM)	--	--