8 Most Profitable Bank Stocks To Buy According to Analysts

3. Itaú Unibanco Holding S.A. (NYSE:ITUB)

Average Upside Potential: 29.31%

TTM Net Income: $7.542 Billion

Itaú Unibanco Holding S.A. (NYSE:ITUB) is a full-service, universal bank. It is present in 18 countries with its main businesses including Corporate & Investment Banking, Asset Management, Private Banking, and Retail Business. The firm adopts the “Phygital” model (a combination of physical and digital) to provide its clients with the freedom to choose how they want to relate to the bank.

The firm is one of the largest Brazilian private banks in market value as well as one of the most valuable brands in South America. ITUB’s ability to adapt, innovate, and change has enabled it to achieve the status of a universal bank. Apart from offering the most complete portfolio of financial products and services, the firm serves clients how, when, and where they want to be served being a digital bank with the advantage of in-person service.

While Citi has reiterated a Buy rating on the bank’s stock while setting a price target of R$40.00, UBS analyst Thiago Batista upgraded the stock from Neutral to Buy. Batista pointed to the robust dividend prospects as well as the appealing valuation metrics of Itaú Unibanco Holding S.A. (NYSE:ITUB).