Itaúsa releases transcript of 2Q26 earnings webcast
Reuters2026/09/11 17:55- Itaúsa released a transcript of its 1H26 results webcast held Aug. 11, attended by CEO and IR head Alfredo Setubal, CFO Priscila Grecco.
- Net profit reached R$ 9.6 billion, up 22%; recurring profit was R$ 8.8 billion, up 12%, excluding R$ 857 million Itautec gains.
- Management flagged a slow-growth outlook, high household leverage, election-related uncertainty, possible credit deterioration, risk of mild recession in 2027.
- Holding expects PIS/COFINS expense on JCP to end in 2027; cited R$ 860 million cost in 2025, cash freed first for replenishment.
- No share buyback under review; only 5,000,000 shares repurchased for long-term incentive plans, dividends policy unchanged through 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
