ITUB

Itaú Unibanco (ITUB) fell 4.04% to $9.74 on October 7, 2026, as investors took profits after the stock reached a five-year high following Brazil's presidential election. The decline occurred despite a rally triggered by conservative candidate Flávio Bolsonaro's stronger-than-expected performance in the first round of voting, which boosted expectations for Brazilian bank earnings. A runoff election will determine the final outcome, creating uncertainty that prompted investors to lock in gains.

Banco Itau (ITUB) surged 5.4% to $8.53 on strong volume, driven by supportive shareholder-return measures and strength in Brazil's financial sector. The company is expected to report quarterly earnings of $0.22 per share (+22.2% YoY) and revenues of $9.53 billion (+12.6% YoY).

However, with unchanged earnings estimate revisions over the past 30 days, the stock's momentum may face headwinds. ITUB carries a Zacks Rank #3 (Hold).