Perpetual cuts Itaú stake 98.2 percent. Itaú Unibanco stock is valued at USD 106.7 billion

Published on 10/15/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs raised its target to USD 10.50 on October 9, 2026. Itaú Unibanco stock costs EUR 8.58 on October 15, 2026, valued at USD 106.7 billion.

Stake sale and quarterly dates

Perpetual Ltd sold 6.27 million shares during the third quarter of 2026.
Goldman Sachs raised its target to USD 10.50 on October 9, 2026.
Itaú Unibanco stock traded at EUR 8.58 at 10:33 a.m. CEST at Lang & Schwarz on October 15, 2026.
Third-quarter results are scheduled for November 3, 2026.

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Itaú Unibanco Vz. (ISIN US4655621062) was trading at EUR 8.58 at Lang & Schwarz on October 15, 2026 at 10:33 a.m. CEST. Perpetual Ltd cut its stake by 98.2 percent during the third quarter of 2026, according to MarketBeat on October 14, 2026.

Institutional selling sets the focus

Perpetual sold 6.27 million shares and retained 117,913 shares, which were valued at USD 1.0 million in the third quarter of 2026. The filing gives the ownership change a clear numerical scale, while the bank's operating figures point to a larger earnings base.

Itaú Unibanco reported net income of BRL 12.40 billion and return on equity of 24.30 percent for the second quarter of 2026, figures listed in the company's Form 6-K filings by GreekSoup. The structured financial data also show diluted earnings per share of USD 1.07 for the second quarter of 2026, compared with USD 1.06 in the first quarter.

What does the target imply for valuation?

Markets Insider reported on October 9, 2026 that Goldman Sachs raised its target from USD 9.30 to USD 10.50 and kept a Buy rating. The target change provides a separate valuation reference from the current euro quotation, while the USD 106.7 billion market value reflects the scale of the listed group.

Three dated steps for investors

On April 5, 2026, Itaú Unibanco reported first-quarter profit of BRL 12.30 billion. On August 4, 2026, it reported second-quarter net income of BRL 12.40 billion and return on equity of 24.30 percent. On October 14, 2026, Perpetual Ltd reported a 98.2 percent reduction in its stake, according to MarketBeat.

Upcoming reporting dates

Itaú Unibanco's next results are scheduled for November 3, 2026 after trading hours, followed by an interactive meeting on November 4, 2026, according to the Itaú Unibanco investor-relations page.

Stock price and market value

The euro quotation gives German investors a current reference at EUR 8.58, while the primary listing trades on the NYSE under ITUB. Itaú Unibanco's 52-week range was USD 6.63 to USD 10.20 as of October 14, 2026, and its market capitalization was USD 106.7 billion.

The further course of trading is shown by the continuously updated real-time quote of Itaú Unibanco stock.