Itaú Unibanco Holding S.A. (NYSE:ITUB) Q2 2021 Earnings Conference Call August 3, 2021 10:30 AM ET
Company Participants
Milton Maluhy Filho - CEO
Alexsandro Broedel - CFO
Renato Lulia Jacob - Group Head of IR and Marketing Intelligence
Conference Call Participants
Mario Pierry - Banco da America
Jorge Kuri - Morgan Stanley
Tito Labarta - Goldman Sachs
Geoffrey Elliott - Autonomous
Thiago Batista - UBS
Natalia Corfield - JPMorgan
Carlos Gomez - HSBC
Operator
Good morning, ladies and gentlemen. Welcome to Itaú Unibanco Holding Conference Call to discuss 2021 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. Milton Maluhy Filho, CEO; Alexsandro Broedel, CFO; and Renato Lulia Jacob, Group Head of Investor Relations and Marketing Intelligence. First, Mr. Milton Maluhy will comment on 2021 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. Milton Maluhy.
Milton Maluhy Filho
Good morning, everyone, thank you for joining us in our second quarter 2021 earnings conference call. Well, first of all, I would like to emphasize here, the recurring managerial net income, we reached at 6.5 billion reals, which represent an increase of 2.3% versus the previous quarter. The recurring ROE increased 40 basis points in the quarter, and we finished with 18.9% this quarter. I would say and highlight first of all the growth of 4.6 of our
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