On Tuesday, Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB), lost -5.91% to $7.17. 27.53 million shares of the company were exchanged.
The stock is down -42.44% in this year through last close, and the beta ratio has a value of 1.74. The stock, as of recent close, has shown weekly downbeat performance of -4.02% which was maintained at 0.20% in 1-month period.
Itau Unibanco Holding’s dropped as the Brazilian real weakens amid poor economic data from China and political clashes.
The real was down 2.3% to 3.8478 per dollar at 10:57 a.m. in Sao Paulo, leading declines among the world’s 31 top-traded tenders, Bloomberg reports.
The Brazilian currency is being weighed on by economic data released recently that indicates imports fell for an 11th straight month in China, Brazil’s top trading partner, Bloomberg notes.
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO), declined -0.39% to $27.85, during its last trading session.
Cisco declared plans with SK Broadband to deploy a next-generation converged cable access platform (CCAP) across its national footprint. SK Broadband is a Tier 1 Internet broadband service provider in Korea with five million subscribers. With the DOCSIS 3.1 capabilities of the Cisco® cBR-8, SK Broadband can right away expand Gigabit or multi-Gigabit services to their subscribers across its hybrid fiber coax (HFC) access network.
The deployment of this platform enables SK Broadband to build the foundation for a long-term evolution of its network architecture. As part of an Evolved Programmable Network (EPN), the Cisco cBR-8 will enable cable operators to create new revenue models, simplify operations and deliver new revenue-generating future and existing services.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Finally, Shares of Wal-Mart Stores, Inc. (NYSE:WMT), ended its last trade with -0.34% loss, and closed at $66.70.
Wal-Mart Stores, Inc. (WMT) offered its earnings calendar for fiscal year 2017. The dates are as follows:
- First quarter – Tuesday, May 17, 2016
- Second quarter – Tuesday, August 16, 2016
- Third quarter – Tuesday, November 15, 2016
- Fourth quarter – Tuesday, February 21, 2017
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club.
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