5 Best Value Stocks To Buy Now According To Howard Marks

2. Itaú Unibanco Holding S.A. (NYSE: ITUB)

The Brazilian financial products and services provider Itaú Unibanco Holding S.A. (NYSE: ITUB) stock fell sharply this year amid concerns over increasing virus cases in the region. Howard Marks first initiated a position in Itaú Unibanco in 2014. However, Oaktree now looks more confident about the Brazilian financial services company. The hedge fund increased its position by 29% in ITUB in the latest quarter to 2.62% of the overall portfolio.

Itaú Unibanco operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. Along with various deposit products, the company offers loans and credit cards. The company also offers investment banking services, real estate lending services, and leasing and foreign exchange services.