Dallas, Texas 03/13/2014 (FINANCIALSTRENDS) – Based in Sao Paulo, Itau Unibanco Holding SA (ADR)(NYSE:ITUB) is one of the banking and financial services major from the South American continent listed on the NYSE.
The company’s diversified services allows it to tap the retail market segment for multiple-range of banking services. Heading its four segments is the Commercial Banking segment. The company has been successful in bringing about higher value of services on the retail banking services segment. Additionally, it has worked to establish legal entities as well as part of the wide range of retail banking services it is able to deliver across the country.
ItauUnibanco Holding SA (ADR)(NYSE:ITUB) second banking services segment is the Itau BBA, which caters to the needs of companies – and offers several types of products for wholesale services. The main services involved here are the investment banking activities. The third segment which ITUB has been successful in commanding is the Consumer credit segment. As the name suggests, this segment is involved in providing conventional and traditional banking products and services- checking accounts, loans for automotive purchase, credit card transaction as well as other core banking services for the retail consumer.
The fourth division which this company operates is the Market and Corporation Activity segment. This includes the excess cash management, besides the subordinate debt surplus which the company can provide. Besides,
ItauUnibanco Holding SA (ADR)(NYSE:ITUB) is also known to be involved in the range of treasury activities, as well as banking services in Brazil, Switzerland, United States as well as UAE besides china as well.
This company currently holds a market capital of $61.16 billion and trades on a daily average placed between $12.70 low and $12.90 high. The 52 week high for the company is $17.03, and the 52-week low for the company is $11.38. The stock shares are likely to open at $12.86 per share. The outstanding shares the company holds are $.74 billion.