Itaú Unibanco Q2 profit lifts Ibovespa ahead of expected Selic cut
Itaú Unibanco reported a recurring profit of R$ 12.4 billion for the second quarter of 2026, posting a 7.8% year‑over‑year increase and maintaining a return on equity of 24.3%. The bank trimmed its services‑and‑insurance revenue growth guidance to 2‑5% from the earlier 5‑9% range while keeping other targets unchanged.
The results helped support Brazil’s main stock index, the Ibovespa, which closed around 177,726 points, a modest 0.09% dip, with Itaú shares gaining roughly 0.65‑0.70%. Investors awaited the Copom’s decision, broadly expecting a 0.25‑percentage‑point cut to the Selic rate, moving it from 14.25% to about 14%. The U.S. dollar traded near R$ 5.11‑5.13 per USD.
Other major banks also posted earnings: Bradesco posted a net profit of R$ 7.05 billion, up 16.2% YoY, and Banco Inter reported a profit of R$ 421 million, a 34% annual rise. Market commentary said the overall tone was one of cautious optimism ahead of the monetary‑policy signal.
Entities: B3 · Banco Central do Brasil · Banco Central do Brasil (Copom) · Banco Inter S.A. · Bradesco S.A. · Brazilian Central Bank (Copom) · Copom · Ibovespa · Ibovespa · Itaú Unibanco · Itaú Unibanco S.A.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] The Ibovespa index closed near 177,700 points, with a change of about –0.09% to –0.11%, ahead of the Copom decision.
- [● 2 SOURCES] Itaú Unibanco reported a recurring profit of R$ 12.4 billion for the second quarter of 2026.
- [○ 1 SOURCE] The result marked Itaú's 11th consecutive quarterly profit increase.
- [○ 1 SOURCE] Itaú revised its revenue growth guidance for services and insurance to 2‑5% from 5‑9%.
- [● 2 SOURCES] Investors expected the Central Bank to cut the Selic rate by 0.25 percentage points.
- [● 3 SOURCES] Itaú shares rose between 0.6% and 2.5% on the day, supporting the Ibovespa.
- [● 3 SOURCES] Itaú's return on equity (ROE) was 24.3% in the second quarter of 2026.
- [● 2 SOURCES] Bradesco reported a net profit of R$ 7.05 billion in Q2 2026, up 16.2% year‑over‑year. (2db9a8e7-38e3-45fa-8c0d-f9434d159822, 79fef7b9-d457-4117-9902-b92a0d8f016a)
- [● 4 SOURCES] Markets expected the Copom to cut the Selic rate by 0.25 percentage points to about 14%. (a862e06a-c5d8-483f-b7d6-29f58b31ecaf, 55566412-5022-454e-893b-14c5ea033ddb, b7a35206-a5fd-4983-b973-cdfa6d2ee24e, 0b854)
- [● 2 SOURCES] Itaú Unibanco reduced its services‑and‑insurance revenue growth guidance to 2‑5% for 2026. (ff83a870-1760-4c1c-9fcc-4c0ccae890a4, ee2b3d95-8cf3-4099-bea2-f37985280ccc)
- [● 4 SOURCES] Itaú Unibanco reported a recurring profit of R$ 12.4 billion for Q2 2026. (ff83a870-1760-4c1c-9fcc-4c0ccae890a4, a862e06a-c5d8-483f-b7d6-29f58b31ecaf, ee2b3d95-8cf3-4099-bea2-f37985280ccc, b7a352)
- [○ 1 SOURCE] Before the expected cut, the Selic rate stood at 14.25% per annum. (a862e06a-c5d8-483f-b7d6-29f58b31ecaf)