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Should You Buy Itau Unibanco Holding SA ADR (ITUB) Stock on Wednesday?

Wednesday, September 21, 2022 11:32 AM | InvestorsObserver Analysts

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Should You Buy Itau Unibanco Holding SA ADR (ITUB) Stock on Wednesday?

The market has been high on Itau Unibanco Holding SA ADR (ITUB) stock recently. ITUB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Itau Unibanco Holding SA ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ITUB!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ITUB Stock Today?

Itau Unibanco Holding SA ADR (ITUB) stock has fallen -0.82% while the S&P 500 has gained 0.45% as of 11:32 AM on Wednesday, Sep 21. ITUB has fallen -$0.05 from the previous closing price of $5.48 on volume of 12,833,122 shares. Over the past year the S&P 500 has fallen -11.12% while ITUB has gained 30.77%. ITUB earned $0.53 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.27. To screen for more stocks like Itau Unibanco Holding SA ADR click here.

More About Itau Unibanco Holding SA ADR

Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Its commercial and consumer loans account for 36% of the bank's total loans each, while foreign loans now account for 28% of the bank's portfolio. Itaú also operates the fifth- largest insurer in Brazil and is the second- largest asset manager in the country, giving it broad reach over the Brazilian financial system. Click Here to get the full Stock Report for Itau Unibanco Holding SA ADR stock.

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