Equity Profile

ITUB

ItaÃº Unibanco Holding S.A.

FinancialsDiversified Banks$86.9B

May5Tue

Pre-Earnings Brief

UpcomingQ1-2026After Close9:00 AM EDT

Company Snapshot

Itaú Unibanco Holding S.A. is a leading diversified bank in Brazil, providing a wide range of financial services including retail banking, investment banking, and asset management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the bank's profitability and performance, reflecting how much profit is allocated to each share of stock.

$0.21

Revenue

Revenue growth is essential for assessing the bank's ability to expand its operations and meet shareholder expectations.

$46.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ITUB Q1-2026 Earnings Preview

Context

Company Snapshot

Itaú Unibanco Holding S.A. is a leading diversified bank in Brazil, providing a wide range of financial services including retail banking, investment banking, and asset management. With a market cap of $87 billion, it plays a crucial role in the financial sector, particularly as consumer spending and economic conditions evolve in Brazil and Latin America.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-14.08%

Avg Stock Reaction

-2.99%

Last Quarter Recap

In the last quarter, Itaú Unibanco reported mixed results, with some analysts expressing concern over rising costs and competition in the banking sector. The bank's performance was closely watched as it navigated economic challenges in Brazil.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing digital banking services.
Plans to expand its customer base through targeted marketing.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Itaú Unibanco's upcoming earnings, with expectations for steady EPS and revenue growth. However, there are concerns about potential economic headwinds that could impact performance.

Bull Case

If the bank exceeds EPS and revenue expectations, it could signal strong operational resilience and effective cost management, leading to a positive stock reaction.

Bear Case

Conversely, if the bank misses estimates or provides weak guidance, it may raise concerns about its ability to compete and manage costs, leading to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.21

EPS is a key indicator of the bank's profitability and performance, reflecting how much profit is allocated to each share of stock.

Revenue

$46.8B

Revenue growth is essential for assessing the bank's ability to expand its operations and meet shareholder expectations.

Expectations

Two Questions That Matter

The print will turn on these two things.

How will the bank's EPS compare to the consensus estimate of $0.21?

A beat on EPS could indicate strong profitability and effective cost management, while a miss may raise concerns about operational challenges.

What is the outlook for revenue growth against the consensus of $46.8 billion?

Revenue performance is critical for assessing the bank's growth trajectory and ability to compete in a challenging market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the bank's ability to manage costs effectively amid rising competition, leading to better-than-expected EPS.

Supporting Evidence

Options are pricing in a 7.07% move, which is above the historical average of 4.17%, suggesting heightened expectations.

The bank's recent focus on digital services may drive unexpected revenue growth, countering traditional banking challenges.

Key Risk

If revenue comes in below $46.6 billion, it could undermine the positive outlook and raise concerns about market share.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it reflects the bank's ability to navigate economic challenges and competitive pressures.

Bull Confirmed If

An EPS of $0.22 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.21 would confirm the bear case, raising concerns about the bank's performance.

Pre-Earnings Positioning

Options Market

Implied Move

±7.07%

Historical Avg

±4.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.1% while ITUB has averaged ±4.2% over the last 8 prints — setup is pricing rich.

Detail

30d HV

35.5%

Calls (10K)P/C Ratio: 1.48Puts (2K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$1.0M

109,477 sh

1 insider

Net

$1.0M

Net selling

Most Active Insiders· 3 open-market trades

Chief People and MKT OfficerGuillinet Fajerman Sergio
$1.0M

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

33.14%

of float

Insider

0.00%

of float

Holders

533

institutions

Top Holders· as of Dec 2025

GQG Partners LLC
96,959,405 sh · $858.1M
1.79%
3.2%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Itaú Unibanco beats expectations, history suggests a potential stock increase of around 4.17%, confirming the bank's operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

A miss could lead to a decline of about 2.80%, indicating investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Insights into customer acquisition efforts and digital banking growth.
3Comments on the competitive landscape and how it may affect future performance.
4Guidance on economic conditions in Brazil and their potential impact on the bank's operations.
5Any changes in management's outlook for revenue growth in the coming quarters.

See the full picture

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Company Snapshot

Itaú Unibanco Holding S.A. is a leading diversified bank in Brazil, providing a wide range of financial services including retail banking, investment banking, and asset management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the bank's profitability and performance, reflecting how much profit is allocated to each share of stock.

$0.21

Revenue

Revenue growth is essential for assessing the bank's ability to expand its operations and meet shareholder expectations.

$46.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ITUB Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-14.08%

Avg Stock Reaction

-2.99%

Last Quarter Recap

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing digital banking services.
Plans to expand its customer base through targeted marketing.

Expectations

Wall Street Expectations

Bull Case

If the bank exceeds EPS and revenue expectations, it could signal strong operational resilience and effective cost management, leading to a positive stock reaction.

Bear Case

Conversely, if the bank misses estimates or provides weak guidance, it may raise concerns about its ability to compete and manage costs, leading to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.21

EPS is a key indicator of the bank's profitability and performance, reflecting how much profit is allocated to each share of stock.

Revenue

$46.8B

Revenue growth is essential for assessing the bank's ability to expand its operations and meet shareholder expectations.

Expectations

Two Questions That Matter

The print will turn on these two things.

How will the bank's EPS compare to the consensus estimate of $0.21?

A beat on EPS could indicate strong profitability and effective cost management, while a miss may raise concerns about operational challenges.

What is the outlook for revenue growth against the consensus of $46.8 billion?

Revenue performance is critical for assessing the bank's growth trajectory and ability to compete in a challenging market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the bank's ability to manage costs effectively amid rising competition, leading to better-than-expected EPS.

Supporting Evidence

Options are pricing in a 7.07% move, which is above the historical average of 4.17%, suggesting heightened expectations.

The bank's recent focus on digital services may drive unexpected revenue growth, countering traditional banking challenges.

Key Risk

If revenue comes in below $46.6 billion, it could undermine the positive outlook and raise concerns about market share.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it reflects the bank's ability to navigate economic challenges and competitive pressures.

Bull Confirmed If

An EPS of $0.22 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.21 would confirm the bear case, raising concerns about the bank's performance.

Pre-Earnings Positioning

Options Market

Implied Move

±7.07%

Historical Avg

±4.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.1% while ITUB has averaged ±4.2% over the last 8 prints — setup is pricing rich.

Detail

30d HV

35.5%

Calls (10K)P/C Ratio: 1.48Puts (2K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$1.0M

109,477 sh

1 insider

Net

$1.0M

Net selling

Most Active Insiders· 3 open-market trades

Chief People and MKT OfficerGuillinet Fajerman Sergio
$1.0M

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

33.14%

of float

Insider

0.00%

of float

Holders

533

institutions

Top Holders· as of Dec 2025

GQG Partners LLC
96,959,405 sh · $858.1M
1.79%
3.2%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Itaú Unibanco beats expectations, history suggests a potential stock increase of around 4.17%, confirming the bank's operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

A miss could lead to a decline of about 2.80%, indicating investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Insights into customer acquisition efforts and digital banking growth.
3Comments on the competitive landscape and how it may affect future performance.
4Guidance on economic conditions in Brazil and their potential impact on the bank's operations.
5Any changes in management's outlook for revenue growth in the coming quarters.