Why Itau Unibanco (ITUB) Stock Is Gaining Today

NEW YORK (TheStreet) -- Itau Unibanco (ITUB), Brazil's largest bank, shares are up 1.1% to $15.88 on Tuesday after announcing a record second quarter profit of $2.2 billion, ahead of analysts' expectations of $2.03 billion.

This is the second time in the last three quarters the bank has posted record profits as CEO Roberto Setubal has emphasized profits over increasing market share, according to Reuters.

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ITUB ChartITUB data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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