Itaú Unibanco Holding S.A. (NYSE:ITUB) Q 2, 2019 Earnings Conference Call July 30, 2019 9:00 AM ET
Company Participants
Candido Bracher - President and Chief Executive Officer
Conference Call Participants
Jorg Friedemann - Citibank
Otavio Tanganelli - Credit Suisse
Mario Pierry - Bank of America Merrill Lynch
Carlos Macedo - Goldman Sachs & Co. LLC
Tito Labarta - Goldman Sachs
Domingos Falavina - JPMorgan.
Marcelo Telles - Credit Suisse
Neha Agarwal - HSBC
Operator
Good morning, ladies and gentlemen. Welcome to Itau Unibanco Holding Conference Call to discuss 2019 Second Quarter Results. [Operator Instructions] As a reminder, this conference is being recorded and broadcasted live on the Investor Relations website at www.itau.com.br/investor-relations. A slide presentation is also available on this site before proceeding. Let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of 1996. Actual performance could differ materially from that anticipated in any forward-looking comments as a result of macroeconomic conditions, market risks and other factors.
With us today in this conference call in Sao Paulo are Mr. Candido Botelho Bracher, President and CEO, Mr. Milton Maluhy Filho, Executive Vice President, CFO and CRO and Mr. Alexandro Broedel, Group Executive Finance, Finance Director and Head of Investor Relations.
First, Mr. Candido Bracher will comment on 2019 second quarter results. Afterwards, management will be available for a question-and-answer session. It is now my pleasure to turn the call over to Mr. Candido Bracher.
Candido Bracher
Good morning, everybody. Welcome to our Second Quarter 2019 Earnings Conference Call. I will start the presentation where we show the main highlights of our performance for the quarter. Recurring net income was BRL7 billion which represented a 2.3% growth when compared with the previous quarter, and resulted in a 23.5% ROE. The key drivers of this performance were the duration of our
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