Based on the aggregated intelligence of 130,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Brazilian banking giant Banco Itau Holding Financeira (NYSE: ITU) has earned a respected five-star ranking.
With that in mind, let's take a closer look at Banco Itau's business, and see what CAPS investors are saying about the stock right now.
Banco Itau facts
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Headquarters (founded)
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Sao Paulo, Brazil (1944)
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Market Cap
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$28.03 billion
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Industry
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Diversified banks
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Trailing 12 Month Revenue
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$13.02 billion
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Management
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President/CEO Roberto Setubal (since 1994)
CFO Dr. Sílvio Aparecido de Carvalho (since 2008)
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Return on Equity (average, last three years)
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26.8%
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Competitors
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Banco Bradesco (NYSE: BBD)
Banco Santander (NYSE: SAN)
Citigroup (NYSE: C)
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CAPS members bullish on ITU also bullish on:
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Petroleo Brasileiro (NYSE: PBR)
Apple (Nasdaq: AAPL)
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CAPS members bearish on ITU also bearish on:
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Yahoo! (Nasdaq: YHOO)
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Sources: Capital IQ (a division of Standard & Poor's), and Motley Fool CAPS.
Over on CAPS, 542 of the 560 members who have rated Banco Itau -- or 97% -- believe the stock will outperform the S&P 500 going forward. These bulls include Sergi0 and All-Star djemonk, who is ranked in the top 15% of our community.
In November, Sergi0 offered our community some background on the bank's market share:
BANCO ITAU (was the 2nd largest private bank) recently merged with UNIBANCO (3rd largest private bank), creating the largest bank in Brazil ... These large brazilian banks (Bradesco, ITAU, Unibanco) are rock solid and they have investment grade given by Fitch Ratings and S&P.
In a pitch from December, djemonk elaborates on that Brazilian-based bullishness:
The Brazilian banking industry is well funded, well run, and flush with top-notch technical talent. Brazilian IT staffs measure up very favorably to IT staffs in other developing countries but largely service their own industries, especially banking. I believe this gives Brazilian banks a competitive edge over banks in other BRIC nations.
Itau has branches in Sao Paolo, Tokyo, and NYC, just to start. Their NYC presence is significant and they are pretty ubiquitous in Sao Paolo, and their recent acquisition gives them a leadership position in Latin America.
What do you think about Banco Itau, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 130,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.
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