Itau Unibanco Holding SA Brands, Inc. (NYSE:ITUB) Q3 2021 Earnings Conference Call November 4, 2021 10:15 AM ET
Company Participants
Milton Filho - CEO
Conference Call Participants
Mario Pierry - Bank of America Merrill Lynch
Jorge Kuri - Morgan Stanley
Daer Labarta - Goldman Sachs Group
Yuri Fernandes - JPMorgan Chase & Co.
Carlos Gomez - HSBC
Operator
Good morning, ladies and gentlemen. Welcome to the Itaú Unibanco Holding conference call to discuss 2021 third quarter results. [Operator Instructions].
As a reminder, this conference call 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 1995. Actual results -- 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 São Paulo are Mr. Milton 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 third 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 Filho
Thank you. Good morning, everyone, and thank you for joining our third quarter 2021 earnings conference call. First of all, I would like to talk about our numbers. Our managerial result was BRL 6.8 billion with a growth of 3.6% in the quarter, and we had a 38.8% year-on-year increase in our profit. When we look to our managerial return on equity, on the consolidated basis, we are posting a 19.7% return on equity. And in Brazil, we are having 20.5, which is an increase of 1.1 points in the return on equity. The most
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