Home > Itaú Unibanco share price explodes: is now the time to buy ITUB stock?

Itaú Unibanco share price explodes: is now the time to buy ITUB stock?

Itaú Unibanco (NYSE: ITUB) stock is rising in value. Find out how much it is worth right now and if now is the right time to invest. 

Itaú Unibanco shares have risen in value by 33% this year as the largest private sector bank in Brazil stages a comeback after the immense national difficulties that were presented by COVID-19.

In this article, we delve into the origins of the company, what exactly it does, what the price of ITUB stock is right now, and the best places to buy ITUB shares online in the UK and elsewhere.

Where to buy ITUB stock today

If you want to invest in ITUB or any other stock, we recommend choosing a reliable stockbroker, signing up and depositing fiat money to fund your account. Then, you can navigate to the shares section of your chosen platform, search for Itaú Unibanco’s ticker, ITUB, and enter the number of shares you want to buy.

Online brokers offer a great blend of low fees, customer support and ease of use, and our top two picks are listed below:

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

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Webull

Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.

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What is ITUB?

Founded in 2008 and headquartered in São Paulo, Brazil, it is a Brazilian financial services company headquartered that was formed through the merger of Banco Itaú and Unibanco in 2008.

Forbes magazine lists it as one of the largest companies in the world based on business generated, assets and market value, and it generates over $40 billion in revenue per year.

ITUB share price

ITUB stock is trading today at just under $6.70.

Should I buy ITUB shares?

If you believe the impact of COVID-19 both in Brazil and internationally is beginning to decline, investing in one of Brazil’s premier financial institutions could be a smart move ahead of its bounceback.

However, before you invest in any company, make sure you conduct the necessary fundamental analysis and due diligence to make sure your investment is sensible and secure.

ITUB price target

Our ITUB price forecast is as follows:

A 12-month high of $7.70, a median of $6.80, and a low of $4.95.

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