Itau Unibanco (ADR) (ITUB)

ITUB's price sits about 15% above where it was trading half a year ago, while barely moving day to day.

What is going on right now?

The stock just saw a big jump in trading activity, roughly three times its usual daily volume, even though the price itself hasn't moved dramatically.

How is the business itself doing?

Itaú Unibanco, Brazil's largest private bank, grew its revenue by about 17.5% and its earnings by around 8%. It keeps about a third of every real it brings in as profit, and it returns a large share of that to shareholders.

What stands out?

It moves very little compared to the broader market. Its price barely wobbles on noisy days, which is unusual for a bank stock.

What comes next?

Itaú reports its next quarterly results on November 3, the first report that will reflect how recession worries and recent interest rate shifts are flowing through Brazilian lending.