J.P. Morgan raised target for Itaú Unibanco stock to BRL 60.00

Published on 10/08/2026 at 15:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net income reached BRL 12.40 billion and ROE was 24.30 percent. Itaú Unibanco stock costs EUR 8.70 on October 8, 2026 after EUR 8.68.

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J.P. Morgan had raised its target for Itaú Unibanco from BRL 51.00 to BRL 60.00 on October 6, 2026, according to ADVFN News. At Lang & Schwarz, the stock was trading at EUR 8.70 on October 8, 2026 at 3:38 p.m. CEST, plus 0.23 percent versus the EUR 8.68 prior close of October 7, 2026.

J.P. Morgan lifts its target

The target increase of 17.65 percent keeps J.P. Morgan's overweight view on Itaú Unibanco's preferred shares, while the report identified high profitability and market-share gains as supporting factors. The target applies to the Brazilian preferred share listing, while the US-listed security trades under ticker ITUB.

MarketBeat identifies Itaú Unibanco Holding S.A. as a New York Stock Exchange company under ITUB, with financial services and regional banking as its sector and industry classification.

What supports the higher target?

GreekSoup lists second-quarter 2026 net income of BRL 12.40 billion and return on equity of 24.30 percent in the company's August 4, 2026 filing record. Those figures give the target revision a measurable earnings base, although the latest quarter also included earnings per share of USD 0.21 versus USD 0.22 expected, according to MarketBeat.

Three milestones show the trend

On May 5, 2026, Itaú reported BRL 12.30 billion of first-quarter profit and 24.80 percent ROE; on August 4, 2026, it reported BRL 12.40 billion and 24.30 percent ROE; on October 6, 2026, J.P. Morgan raised its target from BRL 51.00 to BRL 60.00. The first two results are listed by GreekSoup, while the target change was reported by ADVFN News.

What comes before the next results?

Yahoo Finance lists November 3, 2026 as the next earnings date and November 4, 2026 as the ex-dividend date. The timing puts the next quarterly report immediately before the dividend calendar event.

EUR 8.70 in trading

Itaú Unibanco's euro quote was EUR 8.70 at Lang & Schwarz on October 8, 2026 at 3:38 p.m. CEST, plus 0.23 percent versus the EUR 8.68 prior close of October 7, 2026. The structured market quote showed a USD 108.0 billion market capitalization and a USD 6.54 to USD 10.20 52-week range on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Itaú Unibanco Vz. stock.