Selling Itau Unibanco out of my Jubak Picks Portfolio
When I sold Commonwealth Bank of Australia (CMWAY) a few moments ago I wrote “I’ve only got a small bit of exposure to the global banking system and, frankly, I think it’s past time to get rid of even that exposure. We’re in one of those...
Itau Unibanco gains on interest rate cut but advance in Brazilian stocks is muted by arrest of another big-fish politico
Yesterday the Banco Central do Brasil reduced Brazil’s benchmark Selic interest rate for the first time in four years. The cut, 25 basis points to 14%, was less than the 50 basis points the market was hoping for. But the dream is that it will be just the first...
Brazil–and Itau Unibanco–is rallying big on hopes of an interest rate cut from the central bank
Update September 26, 2016 Could Brazil see the first interest rate cut since 2012 in October? With the Banco Central do Brasil’s benchmark Selic interest rate at 14.25% there’s certainly plenty of room. And even though the country’s politics are a...
Buy Itau Unibanco (ITUB)
The most profitable bank in Brazil is also one of the fastest moving. Itau Unibanco recently bought Bank of America’s operations in Chile and Uruguay and is expanding into Argentina. (Full disclosure: I own shares of Itau Unibanco in my personal...Jim’s Daily Email Alerts:
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