Will Itaú Unibanco (ITUB) Stock Decline Below $5 Mark?

Itaú Unibanco is one of the banks that have modest stocks in North American exchanges. In Brazil, it is doing great but NYSE: ITUB always struggles in the eyes of U.S buyers. It started from so humble beginnings in 2002 and kept moving up with the bullish trend to $11 in 2008. The financial crisis has also hit ITUB so it tanked to $3.50 value in January 2009. Then it could recover and faced both bearish and bullish moves until January 2022 when it was trading at $3.78 per share.

ITUB stock’s fate is in steady growth

Probably it may fall below $5 for a while. But its strong financial standings with solid earnings keep its shares attractive and promising. So don’t worry if you still hold ITUB shares these days. But it is not a quick fortune maker like crypto coins or NFTs.

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