Cartica Capital said it delivered a letter to CorpBanca SA’s (BCA, CORPBANCA.SN) board, urging the Chilean lender to reconsider its approval of its proposed merger with Brazilian banking giant Itau Unibanco Holding SA (NYSE:ITUB). Itau Unibanco Holding SA (ADR) (NYSE:ITUB) shares after opening at $14.70 moved to $14.83 on last trade day and at the end of the day closed at $14.62. Company price to sales ratio in past twelve months was calculated as 2.50. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) showed a positive weekly performance of 9.35%.
Banco Bradesco SA (NYSE:BBD), Brazil’s second-biggest bank by market value, rallied to a three-month high on speculation it will get a heavier weighting on the Ibovespa index when the benchmark is rebalanced in May. Banco Bradesco SA (ADR) (NYSE:BBD) shares advanced 0.52% in last trading session and ended the day on $13.57. Banco Bradesco SA (ADR) (NYSE:BBD) yearly performance is -17.61%.
Grupo Financiero Santander Mexico, S.A.B. de C.V. (BSMX) was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) shares moved down -0.08% in last trading session and was closed at $11.98, while trading in range of $11.75 – $12.13. Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) year to date (YTD) performance is -12.17%.
Sumitomo Mitsui Banking Corp Inc. (ADR) (NYSE:SMFG) has announced that Teiko Kudo, the head of its project finance department, will be promoted to executive officer effective Tuesday. Sumitomo Mitsui Financial Grp, Inc. (ADR) (NYSE:SMFG) weekly performance is 0.83%. On last trading day company shares ended up $8.47. Sumitomo Mitsui Financial Grp, Inc. (ADR) (NYSE:SMFG) distance from 50-day simple moving average (SMA50) is -8.11%. Analysts mean target price for the company is $11.51.