Itau Unibanco Holding S.A. (ITUB)

The company now

Itaú Unibanco signed a share purchase agreement on 26 October 2026 to acquire all the shares of NeoSpace, a Brazilian artificial intelligence startup, for BRL 2,925,000,000 2.

One installment is paid at closing and the rest is deferred over five years, and closing needs approval from Brazil's antitrust authority (CADE) and the Central Bank 2. Bloomberg Línea reported that the deal is paid entirely in cash and that the founder, Bruno Pierobon, stays as chief executive of NeoSpace, founded in 2023 5.

The bank said NeoSpace has trained models on Itaú's own data for nearly two years, for credit, customer relationship management and fraud prevention 2. Capital Aberto reported that Itaú led a US$18 million round in January 2025 and took 15 percent of the capital 4.

The newest quarterly result, for the second quarter of 2026, was a recurring managerial result of BRL 12.4 billion and an annualized return on average equity of 24.3 percent 3. The credit portfolio reached BRL 1.5 trillion 3.

Loans more than 90 days overdue stayed at 1.9 percent of the book, the sixth quarter in a row at that level 3. In August the bank cut its 2026 projection for growth in commissions, fees and insurance results to between 2.0 and 5.0 percent, citing capital market volatility 3.

Capital Aberto reported that the bank publishes third-quarter results on 3 November 4. It also reported that on 15 October the bank put money into Eneva III, a unit of the energy company Eneva, in a structure that works in practice as financing 4.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.