ITUB - Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) Looks to Continue to Trade Above its Annual-High Share Price Today

Shares of Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (NYSE:ITUB) traded today at $6.76, eclipsing its 52-week high. This new high was reached on below average trading volume as 21.8 million shares traded hands, while the average 30-day volume is approximately 38.2 million shares.

Itau Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itau and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Its commercial and consumer loans account for 33% and 41% of the bank's total loans, respectively, while foreign loans now account for 26% of the bank's portfolio. In addition to banking, Itau operates the fourth-largest insurer in Brazil; it specializes in consumer-related insurance.

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) share prices have moved between a 52-week high of $6.76 and a 52-week low of $3.88 and are now trading 72% above that low price at $6.67 per share.

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (NYSE:ITUB) is currently priced 5.2% above its average consensus analyst price target of $6.33.

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