Investopedia: How Much Worse Will Itau Unibanco Get Before It Gets Better?
Stop me if you've heard this one before - banks are starting to see
increasing loan losses, shrinking spreads and fears of an economic
slowdown are leading banks to curtail lending, while government
officials would prefer to see more lending to stimulate growth. That's
not the United States nor Europe that I'm talking about, but rather
Brazil. With economic conditions in Brazil looking less secure, Itau Unibanco (NYSE:ITUB) could be looking at a longer stretch of compressed earnings and returns than optimists want to believe.