Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 (ITUB) Covered Calls
Itaú Unibanco Holding S.A. is the largest financial institution in Latin America. By 2026, the bank has achieved a record 24.4% ROE and successfully unified its digital ecosystem into a cloud-native Superapp. Under CEO Milton Maluhy Filho, Itaú is aggressively returning capital to shareholders, headlined by a new 200-million share buyback program and a 72% dividend payout ratio, solidifying its position as the most profitable bank in the Southern Hemisphere.
You can sell covered calls on Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for ITUB (prices last updated Tue 4:16 PM ET):
| Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 (ITUB) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 9.17 | +0.01 | 9.00 | 9.38 | 23.5M | 13 | 182 |
| Covered Calls For Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 (ITUB) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Feb 20 | 9 | 0.00 | 9.38 | -4.1% | -374.1% | |
| Mar 20 | 9 | 0.05 | 9.33 | -3.5% | -39.9% | |
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Core Business and Products
Itaú Unibanco operates a "universal banking" model across 18 countries, dominated by its Brazilian retail and corporate segments. In February 2026, the bank reported a record R$46.8 billion annual profit. Their primary pillars include:
- Retail Banking & Superapp: Serving over 70 million customers. The 2026 focus is on the 15 million clients migrated to its unified Superapp, which uses real-time AI to drive high-margin consumer lending and insurance cross-selling.
- Itaú BBA (Wholesale): The leading investment and corporate bank in Latin America. It provides M&A, debt capital markets, and complex credit solutions to large-scale enterprises and agribusinesses.
- Wealth Management: A market leader in private banking and asset management, leveraging the Íon platform to capture an increasing share of digital-first affluent investors.
- iti & Rede: Itaú’s digital bank and its major payment processing arm. These units are now fully integrated into a cloud-based architecture, driving a record efficiency ratio of 38.8%.
Competitive Landscape
Itaú leads a concentrated Brazilian banking market while defending against agile fintech disruptors. Its primary traditional rivals with liquid options are Banco Bradesco and Banco Santander. In the digital sector, its main challenger is Nu Holdings. For global emerging market exposure, investors often compare it to Citigroup and HSBC. Despite competition, Itaú’s R$1.49 trillion loan portfolio and superior profitability provide a wide competitive moat.
Strategic Outlook and Innovation
The 2026 strategic roadmap for Itaú is defined by "Exceptional Capital Returns." In February 2026, the bank authorized a new **200-million share buyback** program to run through August 2027. Innovation is centered on **Cloud-Native Banking**, having decommissioned most legacy systems to allow for rapid credit scaling and fraud detection. A major 2026 milestone is the BRL 33.7 billion total dividend and interest on capital distribution. Despite a cautious outlook for the Brazilian economy, Itaú’s strong Common Equity Tier 1 ratio of 12.3% and high efficiency allow it to maintain premium valuations while delivering best-in-class shareholder value.
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Want more examples? ITT Covered Calls | ITW Covered Calls
