Banco Itau Holding Financeira SA (Holding Co) (ITU)

MarketWatch  Mar 2  Comment 
Latin American equities fall sharply as part of a global sell-off, spurred by fears the worldwide banking and economic crisis will continue to hurt demand for regional goods.
MarketWatch  Feb 27  Comment 
Brazil’s equity benchmark slips, unable to cling to gains as oil prices surge, while, Mexico’s currency spirals to a record low against the U.S. dollar as worries about the health of the economy linger.
Top Foreign Stocks  Nov 8  Comment 
On November 3,2008 Banco Itau Holding Financeira S.A. (ITU) and Uniao de Bancos Brasileiros S.A. (UBB) announced to merge their operations to form a new company called Itau Unibanco Holding S.A. The merger will be effected by the merger of...
Top Foreign Stocks  May 31  Comment 
Banco Itau (ITU) is to split its stock June 9,2008 on a ratio of 5:4. Stock Info: Ticker: ITU Country: Brazil Sector: Banking Current Share Price: $30.71 (All data as of May 30th) Dividend Yield : 1.98% Dividend Paid : Monthly $10K...
Top Foreign Stocks  Feb 7  Comment 
Banco Itau Holding Financeira S.A.- ITU is the second largest private sector bank. This bank is one of the few ADRs that give a monthly dividend. ITU provides a monthly dividend of $0.0067 per share.Picture: Rio De Janeiro, BrazilThough this...
Self Investors  Jul 12  Comment 
Another day, another flat base breakout! You'll see me feature these kinds of breakouts here quite a bit because in my opinion they are one of the best formations around - clearly defined support and resistance levels with a high success rate. I...


Banco Itau Holding Financeira S.A. (or Itau), Brazil's second largest private bank with R$210 billion in assets (US$98 billion) at 2006 yearend, provides a broad range of traditional and nontraditional banking and financial services. The company operates through three segments: Banco Itau BBA (corporate banking), Itaubanco (retail banking for account holders), and Itaucred (retail banking for nonaccount holders). Itaubanco is the largest segment by far, contributing over two-thirds of net income. This is followed by Banco Itau BBA (also known as Itau BBA), accounting for roughly 20% of net income, and Itaucred, which generates approximately 10% of net income. Retail banking operations for account holders encompass the company s credit cards, asset management, insurance, and pension plan products, while nonaccount holder transactions include credit cards, products marketed outside the branch network, and credit products for the low-income population. The retail bank s clientele includes individuals, mid-sized businesses, and large corporations. While operations are locally focused in southeastern Brazil, the bank also operates internationally in North America and Europe. In Brazil, the bank had 12.9 million active customers with 2,603 branches and 23,096 ATMs at yearend 2006. Banco Itau is an industry leader in several segments of the Brazilian financial markets, particularly in the corporate and high-income clients segments. Banco Itau's main competitors in the Brazilian retail banking industry are Bradesco (a major force in the local retail industry), Unibanco (focused on the high-income segment), and Banco do Brasil (a state-owned bank).


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