Itaú Corpbanca provides wholesale and retail banking services to small and medium-sized enterprises, individuals, and institutional clients in Chile and Colombia. The company offers checking and savings accounts, demand and time deposits, certificates of deposit and bankers' drafts; and lending in Chilean pesos and foreign currencies, trade financing, general commercial and consumer loans, working capital loans, personal installment loans, mortgage loans, credit lines, and letters of credit. It also offers interest rate, foreign exchange derivatives, cash flow management, mutual fund and securities brokerage, financial advisory services, asset management, insurance brokerage, treasury, and trust and custodial services; trust portfolio management services, including investment trust management, administration, security, real estate trusts, and fund administration; court and out-of-court collections services for loans; credit and debit cards; and internet, telephone, and mobile banking services. As of December 31, 2021, the company operated 188 branches and 402 ATMs. Itaú Corpbanca was incorporated in 1871 and is headquartered in Santiago, Chile. Itaú Corpbanca is a subsidiary of Itaú Unibanco Holding S.A.
Analyst Ratings Changes
A number of research firms recently weighed in on ITCB. StockNews.com began coverage on shares of Itaú Corpbanca in a research note on Monday, June 6th. They issued a "hold" rating for the company. Scotiabank upgraded shares of Itaú Corpbanca from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, April 13th.
Itaú Corpbanca Price Performance
NYSE:ITCB traded down $0.04 during trading hours on Monday, hitting $3.12. The stock had a trading volume of 2,074 shares, compared to its average volume of 24,437. The company has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $3.18. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.74 and a quick ratio of 1.74. Itaú Corpbanca has a one year low of $2.50 and a one year high of $4.26. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 4.21 and a beta of 1.02.