New York, NY – May 28th – American Depositary Receipts (ADRs) of Itau Unibanco Holding SA (NYSE: ITUB), one of Latin America’s largest banking institutions, are experiencing a slight downturn in afternoon trading. As of 1:38 PM EDT, ITUB shares were priced at 0.065, or 0.97%, for the day.
The Brazilian financial heavyweight saw its ADRs open the session at 6.72 before encountering selling pressure that pushed them to a low of $6.62. The current price is just below the previous day’s close of $6.73. The 1-day chart shows a choppy trading pattern, with an initial dip, some consolidation, and a slight recovery before settling around its current level.
Itau Unibanco boasts a significant market capitalization of $67.97 billion USD. The company’s ADRs trade with a Price-to-Earnings (P/E) ratio of 9.18 and offer a notable dividend yield of 6.80%, which is likely to attract income-focused investors.
Over the past 52 weeks, ITUB ADRs have traded as high as 4.42. Today’s trading activity keeps the shares well within this range, as market participants monitor developments in the Brazilian economy and the global financial sector.
