I just finished reviewing some end of the year internal reports out of Itau as well as chatting with some insiders on my first day back at work after the holiday. Itau Unibanco is probably as well or better placed than any institution to ride the rising economic tide in Brazil. This well governed, Commercial banking giant is perhaps my number one priority in 2010.

The Symbol Of Growth

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The ADR in NYSE is trading at about 19 dollars, almost the 52 week high. CR Capital Advisors strongly recommends our clients begin building long term and significant positions in this company. Itaú Unibanco (formerly Banco Itaú) is one way of saying “really big bank.” The Brazilian bank offers a variety of standard retail and commercial banking services as well as consumer credit, financial management, leasing, foreign exchange, and trade financing. It is one of the largest credit card issuers in Brazil. Itaú Unibanco also provides investment banking, securities brokerage, and insurance. In addition to its more than 3,900 branches in Brazil, the company has operations in other South America countries and in North America, Asia, and Europe. The bank has used acquisitions to expand its presence abroad, as well as at home. The company merged with Unibanco in 2009.

If you have access to the Brazilian or Argentine stock exchanges, we also recommend purchasing them on those exchange to increase your alternative currecy exposure.
As from May 2009, the New York
Stock Exchange has authorized listed companies to use four letters in their
trading symbols (denominated “tickers”). In the light of this decision, Itau
Unibanco Holding S.A. decided to standardize the “tickers” on all the stock
exchanges where it is listed.
This measure facilitates comparability in the three capital markets in
which the company’s securities are negotiated and better reflects the merger
between Itau and Unibanco.
Itau Unibanco Holding S.A. therefore announces to the market that all
trading symbols are to be changed simultaneously on all stock exchanges on
which the company’s securities are negotiated, as follows:
Up to May 19 As from May 20
(inclusive)
Non-voting Shares – BM&FBovespa (Brazil) ITAU4 ITUB4
Common Shares – BM&FBovespa (Brazil) ITAU3 ITUB3
ADR’s – NYSE (USA) ITU ITUB
Cedear’s – Merval (Argentina) ITAU4 ITUB4

What will the new icon look like?

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International Investment Advisors

http://ww13.itau.com.br/portalri/index.aspx?idioma=port&AspxAutoDetectCookieSupport=1

Probably More Blue than White