May 2, 2018 / 2:32 PM / in 7 months

Shares in Itaú Unibanco down 3.2 pct after earnings released

SAO PAULO, May 2 (Reuters) - Shares in Itaú Unibanco Holding SA plummeted 3.2 percent this morning after Brazil’s largest private lender released in-line results on Tuesday amid a sluggish recovery in the Brazilian economy.

Itaú CEO’s Candido Bracher said in a call with analysts on Wednesday that corporate credit demand is not expected to increase in 2018, in spite of a pickup in loans to individuals. (Reporting by Carolina Mandl)

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