Itaú Unibanco (ITUB) Stock Today, November 18, 2025: Price, News and Earnings Momentum

Itaú Unibanco’s New York–listed ADRs (NYSE: ITUB) are treading water today after a powerful run in 2025, as investors digest strong third‑quarter results, a fresh wave of institutional activity, and mixed signals from global markets.

By late trading on Tuesday, November 18, 2025, ITUB was changing hands around $7.56, essentially flat on the day after moving in a range of roughly $7.48–$7.56 on volume just under 10 million shares. ^[1] That keeps the stock within touching distance of its recent 52‑week high around $7.8 and caps an exceptional year in which Itaú’s ADR has delivered a year‑to‑date total return of about 77%, far ahead of Brazil’s main equity benchmark. ^[2]

At the same time, Brazil’s Ibovespa index is down about 0.3% today, reflecting a mildly risk‑off tone across local equities. ^[3] Against that backdrop, Itaú’s ability to hold near the top of its range underscores how much optimism is already priced into Latin America’s largest private lender. ^[4]

What’s Moving ITUB Today? News Flow for November 18, 2025

1. Itaú shows up in a flurry of US 13F headlines

Most Itaú‑related headlines on November 18 are not about the bank’s own earnings, but about its role as an institutional investor in US and global stocks. A series of new 13F disclosure summaries published today highlight Itaú Unibanco Holding S.A.’s second‑quarter positions across several US names:

New or increased positions in Kenvue (KVUE), Live Nation (LYV), Teva (TEVA), RB Global (RBA) and Shift4 Payments (FOUR). ^[5]
Smaller or trimmed stakes in Roblox (RBLX), Booking Holdings (BKNG) and Talen Energy (TLN). ^[6]

These filings come on top of earlier November disclosures showing heavy institutional interest in ITUB itself, including large stakes held by GQG Partners and William Blair. ^[7]

For ITUB shareholders, the immediate EPS impact of these portfolio moves is small. But they underline:

Itaú’s global reach and diversified fee/treasury income.
The bank’s willingness to rotate capital across sectors (tech, travel, healthcare, business services), which can influence risk perception and future earnings volatility.

2. Sector headline: Brazil’s central bank shuts Banco Master

The most dramatic Brazilian banking news today is not about Itaú but about a smaller competitor:

Brazil’s central bank has ordered the extrajudicial liquidation of mid‑sized lender Banco Master, effectively halting its operations after months of liquidity pressure.
Authorities also detained Master’s controlling shareholder, in a probe that includes another lender, BRB, whose CEO was suspended. ^[8]

While there is no indication that Itaú is directly exposed to this situation, any bank failure in Brazil can briefly chill sentiment toward the sector. For now, the reaction appears contained: ITUB is roughly flat and remains near recent highs, suggesting investors see Banco Master as an idiosyncratic case rather than a systemic threat.

3. Global risk appetite: BofA “sell signal” and softer indices

On the global stage, a Bank of America fund manager survey published today shows investor cash levels falling below a key threshold that historically triggers a tactical “sell signal” for equities. ^[9] That has contributed to a softer tone in major global indices and in Brazil’s Ibovespa, which is down around 0.32% today. ^[10]

For a cyclical name like Itaú:

Rich YTD gains +
A cautious global survey +
A wobble in local risk assets

…are enough to keep new buyers from chasing the stock much higher intraday, even as fundamentals remain strong.

Earnings Still in the Driver’s Seat: Q3 2025 Recap

Beneath today’s more subdued price action lies a very strong third‑quarter 2025 performance that continues to anchor Itaú’s bull case.

Profitability and guidance

In early November, Itaú reported:

Recurring net profit:R$11.9 billion in Q3 2025
- Up about 11–11.3% year‑on‑year, and roughly 3% sequentially. ^[11]
Return on equity (ROE): 23.3% on a consolidated basis – edging higher year on year and far above most global banks. ^[12]
Net interest income (NII): Around R$31.4 billion, up about 10% from the prior year. ^[13]
Total credit portfolio: Roughly R$1.4 trillion, up about 6–7% year‑on‑year. ^[14]

Management also raised its 2025 guidance for net interest income with the market, now expecting between R$3.0–3.5 billion, up from a previous R$1–3 billion range, largely thanks to better‑than‑expected trading results. ^[15]

Asset quality and risk management

Credit risk remained under control in Q3:

The 90‑day‑plus delinquency rate held steady at 1.9%, a very comfortable level for a large retail and corporate franchise. ^[16]
A mild uptick in 15–90‑day delinquencies to around 2.0% was linked mainly to a single large corporate exposure, rather than broad deterioration. ^[17]
Itaú also sold a portfolio of low‑recovery‑probability corporate loans, helping to clean up the book and slightly improve headline NPL ratios. ^[18]

An earnings‑call transcript published last week reinforced that selective lending, focus on higher‑quality clients, and tight risk controls remain central to Itaú’s strategy, with Brazil delivering ROE above 24%. ^[19]

Digital & AI: supporting efficiency

Recent coverage of the Q3 release highlighted Itaú’s progress in digitalization and AI‑driven personalization, which is improving customer experience and keeping the efficiency ratio in Brazil below 38%, one of the best in its history for a third quarter. ^[20]

Taken together, these metrics help explain why ITUB recently hit a new 12‑month high earlier this month and why global investors continue to treat the bank as a “quality compounder” in emerging markets. ^[21]

Valuation Check: Is ITUB Still Cheap After a 70%+ Run?

Despite the strong rally, Itaú’s valuation is not extreme by global banking standards—but it is no longer a bargainrelative to Brazilian peers.

Key metrics as of mid‑November 2025:

Forward P/E: Around 8.6× next‑twelve‑month earnings. ^[22]
Trailing P/E: Roughly 10–11×, up sharply from about 6–7× at the end of 2024. ^[23]
Price‑to‑book (P/B): Around 2.0× for the ADR, a premium to many local banks. ^[24]

Analysis of Itaú’s Brazilian‑listed preferred shares (ITUB4) suggests the bank trades at about 10× forward earnings, versus an average of 8.1× for domestically listed peers such as Bradesco and Santander Brasil—confirming that Itaú commands a valuation premium in its home market. ^[25]

At the same time, global comparative screens show Itaú’s market value around US$80–82 billion, positioning it among the largest listed companies in Latin America, alongside Petrobras and Vista Energy. ^[26]

What are analysts saying?

Analyst targets haven’t fully caught up with Itaú’s powerful move:

A small group of analysts tracked by StockAnalysis rate ITUB a “Buy”, but their average 12‑month price target near $6.18 actually implies downside from today’s price—reflecting how far the stock has already run. ^[27]
Other aggregators, such as Fintel, show a higher average target closer to $8.0, implying modest upside. ^[28]

The takeaway: consensus views are scattered, but nobody is treating Itaú as a distressed value story anymore. The market seems to be paying up for quality and consistency, not betting on a turnaround.

Short interest remains low

Despite the YTD surge and richer valuation, short interest in ITUB is modest:

As of October 31, 2025, about 58 million shares were sold short—only 0.54% of the public float, even after a roughly 12% increase from the prior report.
The days‑to‑cover ratio stands around 2.7, indicating that it would take less than three days of average trading volume for shorts to cover their positions. ^[29]

That low short interest suggests few investors are aggressively betting against Itaú at current levels.

Dividend and Shareholder Returns: Monthly Income Appeal

One of ITUB’s attractions for income‑oriented investors is its high‑frequency dividend pattern.

Recent data show:

Annualized dividend: About $0.43 per ADR, implying a yield around 5.5–5.7% at current prices. ^[30]
Payout frequency: Effectively monthly, combining small recurring payouts with occasional larger interest‑on‑capital distributions. ^[31]
The last ex‑dividend date was November 4, 2025, with payment scheduled for early December, and another ex‑date on December 2, 2025 for a smaller distribution expected to be paid in early January 2026. ^[32]

Itaú’s own IR calendar confirms a heavy dividend calendar through November and December, underscoring the bank’s commitment to regular capital returns. ^[33]

When you combine the cash yield with Itaú’s ongoing share buybacks, total shareholder yield (dividends plus repurchases) climbs toward 7%—a key part of the long‑term investment case. ^[34]

Macro Backdrop: Tailwinds and New Risks

Even for a high‑quality bank, Itaú’s outlook is tightly linked to Brazil’s economy and global risk sentiment.

Brazilian equities have been strong in recent weeks but are taking a breather; the Ibovespa has drifted lower today after a strong run, while valuation metrics for the overall market have moved above recent averages. ^[35]
The BofA survey “sell signal” highlights how stretched global positioning has become, raising the risk of a short‑term pullback in risk assets, including emerging‑market banks. ^[36]
Brazil’s central bank move against Banco Master serves as a reminder that regulators are willing to act decisively when they see governance or liquidity problems. Even though Itaú is not implicated, investors will be watching for any signs of contagion or shifts in regulatory tone toward the sector. ^[37]

For now, Itaú’s scale, diversification, and robust capital buffer (CET1 above 13% in Q3) give it significant resilience against macro bumps. ^[38]

What to Watch Next for ITUB

For readers tracking Itaú Unibanco stock over the coming weeks, a few signposts stand out:

Brazilian macro data and interest‑rate decisions
- Growth indicators and inflation data will shape expectations for Brazil’s rate path, which in turn drives Itaú’s net interest margin and loan demand. ^[39]
Dividend timeline and capital actions
- Upcoming ex‑dividend dates in early December and scheduled payments in December/January will be key for income investors. ^[40]
Any follow‑through from today’s Banco Master action
- If regulators or markets start scrutinizing other mid‑tier banks more closely, Itaú could benefit from a “flight to quality”, but short‑term sector volatility may increase. ^[41]
Further commentary on Q4 trends
- Itaú’s IR materials and future updates—ahead of the next full earnings release planned for early 2026—will shape whether the bank can sustain ROE above 23% and keep asset quality tight. ^[42]

Bottom Line

On November 18, 2025, ITUB stock is pausing near its highs, rather than breaking in a new direction. The news tape around Itaú today is dominated by:

13F‑style disclosures about its global investment portfolio,
A regulatory shock hitting a smaller Brazilian lender (Banco Master), and
A cautious global sentiment signal from Bank of America’s fund manager survey.

None of these fundamentally change Itaú’s core story: a high‑ROE, well‑capitalized franchise that has just delivered another solid quarter and rewarded shareholders with strong price gains and steady dividends. But they do reinforce that, after a 70%+ YTD run and a clear valuation premium to local peers, future upside will depend on continued flawless execution and a cooperative macro environment.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, a recommendation to buy or sell any security, or a solicitation of any kind. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.

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