Fin Stocks Analysis: Itau Unibanco Holding SA (ITUB), Deutsche Bank AG (DB)

Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) ended Friday session in red amid volatile trading. The shares closed down -0.04 points or -0.35% at $11.55 with 12,538,597 shares getting traded. Post opening the session at $11.61, the shares hit an intraday low of $11.41 and an intraday high of $11.72 and the price vacillated in this range throughout the day. The company has a market cap of $70.69 billion and the numbers of outstanding shares have been calculated to be 3.17 billion shares.

Itau Unibanco Holding SA (ADR) (ITUB) provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts time, savings, and demand deposits; and offers personal, payroll, vehicle, and mortgage loans, as well as credit cards. The company also provides asset management, custody and bookkeeping, consortium, investment banking, and electronic payment means services, as well as private banking services.

Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Friday session in green amid volatile trading. The shares closed up +0.13 points or 0.90% at $14.62 with 7,392,086 shares getting traded. Post opening the session at $14.54, the shares hit an intraday low of $14.49 and an intraday high of $14.74 and the price vacillated in this range throughout the day. The company has a market cap of $20.20 billion and the numbers of outstanding shares have been calculated to be 1.37 billion shares.

Deutsche Bank AG (USA) (DB) announced the launch of two fixed income exchange traded funds (ETFs). Deutsche X-trackers Barclays International Treasury Bond Hedged ETF (Ticker:Ticker::IGVT) and Deutsche X-trackers Barclays International Corporate Bond Hedged ETF (Ticker:Ticker::IFIX) will provide investors access to a broad variety of international fixed income exposures without the often high individual bond investment minimums and with the liquidity offered by an exchange-traded product.

“During times of sharp market movements, investors are looking for stable sources of revenue. Through the new Deutsche X-trackers currency-hedged international bonds funds, we are offering investors an opportunity to potentially reduce volatility and drawdown risks while strengthening returns,” said Fiona Bassett, Head of Passive Asset Management in the Americas. “In our view, the currency hedging aspect of IGVT and IFIX allows investors an opportunity to preserve the reliable sources of income, stable and consistent cash flow typically associated with bond investments, decreasing the risk brought on by currency exposure.”

 

 

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