10 Best Stocks Under $10 to Buy Now

6. Itaú Unibanco Holding SA (NYSE:ITUB)

Share Price: $5.60

Number of Hedge Fund Holders: 23

Itaú Unibanco Holding SA (NYSE:ITUB) is a Brazilian financial services company. As a full-service and universal bank, it offers a wide range of financial products and services to individuals and corporate clients in Brazil and abroad. Itaú Unibanco Holding SA (NYSE:ITUB) ranks among the best stocks under $10 to invest in.

The company is strategically investing in new technologies and business operations to position itself well for the long term. Itaú Unibanco Holding SA (NYSE:ITUB) is making moves to modernize its operations and migrate to the cloud. In the Q4 2024 earnings call, the company’s management pointed out that such moves have helped reduce high-impact incidents by 99%. As part of its strategy to invest heavily in data science and AI, Itaú Unibanco Holding SA (NYSE:ITUB) has over 470 data scientists and more than 390 initiatives using generative AI within the bank. Additionally, it is currently using, testing, and growing more than 1,300 AI models. As part of its “One Itaú” plan, Itaú Unibanco Holding SA (NYSE:ITUB) expects to migrate 15 million single-product users to its main app. By the end of 2024, the company had already successfully migrated 5.3 million clients and aims to complete the migration of the remaining clients in 2025.