HSBC downgrades Itaú Unibanco stock to Hold at USD 9.10
Published on 10/09/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- HSBC downgraded Itaú Unibanco from Buy to Hold and set a USD 9.10 price target on October 8, 2026.
- Second-quarter net income reached BRL 12.40 billion, while return on equity was 24.30 percent.
- The Lang & Schwarz price was EUR 8.90 on October 9, 2026, up 1.37 percent from EUR 8.78.
- The next earnings date is November 3, 2026, while a dividend-related payment is scheduled for November 10, 2026.
Itaú Unibanco (ISIN US4655621062) was trading at EUR 8.90 at Lang & Schwarz on October 9, 2026 at 4:05 p.m. CEST, up 1.37 percent versus the prior close of EUR 8.78. On October 8, 2026, HSBC analyst Carlos Gomez-Lopez downgraded Itaú Unibanco from Buy to Hold and set a USD 9.10 price target, according to Markets Insider. The rating change gives the stock a clear near-term valuation reference while the euro quote remains above the prior close.
Three dated events shaped the year
On May 5, 2026, Itaú Unibanco reported BRL 12.30 billion in profit and 24.80 percent return on equity for the first quarter, according to GreekSoup. On August 4, 2026, second-quarter net income reached BRL 12.40 billion and return on equity was 24.30 percent, also listed in the company filing record by GreekSoup. On October 8, 2026, HSBC cut its rating from Buy to Hold and assigned the USD 9.10 target, according to Markets Insider.
What does the downgrade change?
The second-quarter result still provides a substantial earnings base: BTG Pactual described recurring net income of BRL 12.40 billion as 8.00 percent higher year over year, with recurring return on equity of 24.50 percent in its October 2, 2026 research update. The same report said the bank reduced its fee and insurance growth guidance to 2.00 percent-5.00 percent from 5.00 percent-9.00 percent, making operating revenue growth a key counterweight to the earnings figure, according to BTG Pactual.
Two dates investors can track
The next quarterly reporting date is November 3, 2026, when Itaú Unibanco is listed for third-quarter results with a consensus earnings-per-share estimate of USD 0.22, according to StreetAlpha. A dividend-related corporate action for the ADR is scheduled for November 10, 2026, with an October 2, 2026 record date, according to Finam.
Stock range and valuation
Itaú Unibanco trades on the NYSE under ITUB, and the latest primary-market quote was USD 9.98 on October 9, 2026 at 10:13 a.m. ET. Its market capitalization was USD 110.0 billion, while the 52-week range was USD 6.54 to USD 10.20 on the same date. The Lang & Schwarz euro quote therefore sits below the primary-market high while remaining above its own prior close.
The further course of trading is shown by the continuously updated real-time quote of Itaú Unibanco stock.
Itaú Unibanco stock at a glance
- Company: Itaú Unibanco Holding S.A.
- ISIN: US4655621062
- Ticker: ITUB
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 9, 2026, 4:05 p.m. CEST): EUR 8.90
- Change versus prior close: plus 1.37 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 8.78
- Market capitalization: USD 110.0 billion (as of October 9, 2026)
- 52-week range: USD 6.54-10.20 (as of October 9, 2026)
- Sector / Industry: Financial Services / Banks
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
