Itau Unibanco Holding SA (ADR) (ITUB) is Downgraded by HSBC Securities to Hold

Itau Unibanco Holding SA (ADR) (ITUB) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their investors in a research report released on Jun 2, 2016.

Many Wall Street Analysts have commented on Itau Unibanco Holding SA (ADR). Itau Unibanco Holding SA (ADR) was Upgraded by Barclays to ” Overweight” on Apr 27, 2016. Itau Unibanco Holding SA (ADR) was Downgraded by Citigroup to ” Sell” on Apr 8, 2016. Itau Unibanco Holding SA (ADR) was Downgraded by Goldman to ” Sell” on Mar 29, 2016.

Itau Unibanco Holding SA (ADR) opened for trading at $7.98 and hit $8.2 on the upside on Wednesday, eventually ending the session at $8.17, with a gain of 2.05% or 0.1643 points. The heightened volatility saw the trading volume jump to 1,16,39,618 shares. Company has a market cap of $48,437 M.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail which offers a range of banking services for retail individuals or clients and for companies including services such as asset management investor services insurance private pension plans and credit cards issued to account holders; Consumer Credit-Retail which offers financial products and services to account holders such as vehicle financing credit card transactions and consumer financing; Wholesale Bank which offers wholesale products and services to large and medium-sized companies as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus subordinated debt surplus and the net balance of tax credits and debits.

Itau Unibanco Holding SA (ADR)

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Itau Unibanco Holding SA (ADR) - Is it time to Sell?

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