Itau Unibanco Holding SA (ADR) (NYSE:ITUB) Flat Movement


Dallas, Texas 12/04/2013 (Financialstrend) – Itau Unibanco Holding SA (ADR) (NYSE:ITUB), as its name suggests, has its main operations in Brazil and is a holding company for several banking sector companies. One of the better known companies from the South American continent, the company has its operations spread over four different verticals. It operates through several other companies across most countries within the continent such as Brazil, Argentina. Focus of services is in providing consumer credit as well as market and Corporate Actions. In the latter segment the company is involved in providing ‘excess cash management’ as well as ‘subordinated debt’ besides ‘surplus administration’.  Additionally, it also provides observations on certain categories of treasury activities.

However, it also offers auto loans, as well as credit card facilities backed by traditional banking functions. It has also begun operations in other parts of the world as well, establishing footprints in countries as varied as China, and Arab Emirates. In Europe it operates in Switzerland and has offices in United States as well. The banking company has been growing strongly, thanks to more diaspora from the continent working and travelling overseas.

Currently, the banking sector company trades on the NYSE as well and has been trading in the red. At the end of trading session, the stock clocked a price of $13.93. However, it closed at a higher note of $14.07. Though, during the day it did see losses to the tune of -0.42%. As with most overseas banking sector stocks, these stocks too are trading at low threshold prices.

The stock is found to trade typically in a day between $13.26 and $13.70 when considered over a 52 week period, the stock was found to vary between a high of $17.34 and a low of $11.38. The company currently has a market cap of 63.44 billion and an average volume of 9.44million.