--- title: "Itaú Unibanco Fiscal Council Backs Half-Year Accounts and Appoints Supervisory Chairman" type: "News" locale: "en" url: "https://longbridge.com/en/news/294992604.md" description: "Itaú Unibanco's Fiscal Council unanimously appointed Eduardo Hiroyuki Miyaki as Chairman of the Supervisory Council and endorsed the company's first-half 2026 financial statements. The council issued a favorable opinion on the accounts, which received an unqualified audit report from PricewaterhouseCoopers, deeming them fair representations of the bank's financial position. This governance continuity and clean audit review aim to bolster investor confidence in the Brazilian bank's oversight mechanisms." datetime: "2026-08-05T16:07:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294992604.md) - [en](https://longbridge.com/en/news/294992604.md) - [zh-HK](https://longbridge.com/zh-HK/news/294992604.md) generator: "portal-rs" --- # Itaú Unibanco Fiscal Council Backs Half-Year Accounts and Appoints Supervisory Chairman Itau Unibanco ( (ITUB) ) just unveiled an announcement. On August 4, 2026, Itaú Unibanco’s Fiscal Council met in São Paulo and unanimously nominated Eduardo Hiroyuki Miyaki as Chairman of the Supervisory Council for the current annual term, with Cláudio José Coutinho Arromatte designated as his replacement in case of absence or incapacity. The meeting, held with full participation of elected members under the council’s internal charter, underlined continuity and stability in the bank’s governance leadership. At the same session, the councilors reviewed Itaú Unibanco’s financial statements for the period from January to June 2026, alongside an unqualified report from PricewaterhouseCoopers Auditores Independentes. They issued a favorable opinion that the accounts fairly represent the bank’s capital structure, financial position, and activities, and deemed them suitable for submission to shareholders for examination and approval. The clean audit opinion and endorsement from the Fiscal Council bolster investor confidence in Itaú Unibanco’s financial reporting and oversight mechanisms. For a major Brazilian bank with cross-border listings, the combination of solid half-year financials and affirmed governance arrangements supports its standing with regulators and stakeholders in both domestic and international markets. The most recent analyst rating on (ITUB) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Itau Unibanco stock, see the ITUB Stock Forecast page. **Spark’s Take on ITUB Stock** According to Spark, TipRanks’ AI Analyst, ITUB is a Neutral. The score is primarily supported by strong profitability/ROE and constructive earnings-call guidance and execution (record efficiency, solid capital generation, and credit metrics holding up). Valuation is also a positive with a moderate P/E and high dividend yield. These are tempered by financial-statement risks (elevated leverage and cash-flow volatility) and a mixed technical picture with negative MACD and price still below key medium-term moving averages. To see Spark’s full report on ITUB stock, click here. **More about Itau Unibanco** Itaú Unibanco Holding S.A. is one of Brazil’s largest financial institutions, operating as a universal bank with a broad portfolio of retail, corporate, and investment banking services. The group focuses on the Brazilian and broader Latin American markets, serving individuals, companies, and institutional investors through lending, payments, asset management, and other financial solutions. The bank is listed in the United States as a foreign issuer and reports to the U.S. Securities and Exchange Commission under Form 6-K. Its governance structure includes a Fiscal Council and Supervisory Council that review financial reporting and support oversight on behalf of shareholders, alongside external independent auditors. On August 4, 2026, Itaú Unibanco’s Fiscal Council met in São Paulo and unanimously nominated Eduardo Hiroyuki Miyaki as Chairman of the Supervisory Council for the current annual term, with Cláudio José Coutinho Arromatte designated as his replacement in case of absence or incapacity. The meeting, which had full participation of elected members under the council’s internal charter, reinforced continuity in the bank’s governance leadership. At the same session, councilors examined the company’s financial statements for the period from January to June 2026, supported by an unqualified report from PricewaterhouseCoopers Auditores Independentes. They concluded the statements fairly reflect Itaú Unibanco’s capital structure, financial position, and activities for the half-year, and recommended their submission to shareholders for further examination and approval. The Fiscal Council’s favorable opinion on the half-year accounts signals confidence in the bank’s financial reporting and audit processes, which is notable for investors in both Brazil and the U.S. Given Itaú Unibanco’s systemic importance in Latin America’s banking sector, the combination of stable council leadership and clean audit review helps underpin market perceptions of governance strength and financial soundness. **Average Trading Volume:** 22,846,483 **Technical Sentiment Signal:** Strong Buy **Current Market Cap:** $96.01B Find detailed analytics on ITUB stock on TipRanks’ Stock Analysis page. ### Related Stocks - [ITUB.US](https://longbridge.com/en/quote/ITUB.US.md) ## Related News & Research - [Itaú Unibanco Wins Preliminary U.S. Approval to Launch National Bank](https://longbridge.com/en/news/296259444.md) - [Itaú Unibanco wins preliminary OCC approval to form US national bank](https://longbridge.com/en/news/296149321.md) - [Brazil's Itau gets preliminary approval from office of the comptroller of the currency to expand US operations](https://longbridge.com/en/news/296150187.md) - [OCC approves Brazilian banking giant in U.S.](https://longbridge.com/en/news/296656106.md) - [BOGOTA: Q2 net income COP 390B, 10% ROE; Itaú retail deal, 14% loan growth, 4.7% NIM guidance](https://longbridge.com/en/news/296637580.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**