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.

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

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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