Reported about 13 hours ago
Itau Unibanco, Brazil's largest bank by assets, displays resilience as interest rates rise, outperforming competitors and gaining investor trust. Analysts recommend buying Itau shares due to its solid fundamentals, while fintech firms like Nubank face pressures from higher borrowing costs. Despite potential challenges from an economic slowdown and reduced credit growth, Itau's strategic focus on higher-income clients and its healthy balance sheet position it as a safer investment in the evolving financial landscape.
Source: YAHOO