US Stock MarketDetailed Quotes

ITUB Itau Unibanco

Watchlist
  • 5.270
  • -0.110-2.04%
Close Dec 13 16:00 ET
  • 5.300
  • +0.030+0.57%
Post 19:25 ET
51.61BMarket Cap8.05P/E (TTM)

Itau Unibanco Key Stats

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(Q3)Sep 30, 2024
(Q2)Jun 30, 2024
(Q1)Mar 31, 2024
(FY)Dec 31, 2023
(Q4)Dec 31, 2023
(Q3)Sep 30, 2023
(Q2)Jun 30, 2023
(Q1)Mar 31, 2023
(FY)Dec 31, 2022
(Q4)Dec 31, 2022
Assets
Cash cash equivalents and federal funds sold
18.95%605.96B
13.23%510.78B
8.72%510.33B
7.60%480.08B
7.60%480.08B
3.83%509.44B
19.37%451.12B
19.75%469.38B
9.49%446.15B
9.49%446.15B
-Cash and cash equivalents
8.90%245.83B
12.66%248.65B
6.57%227.96B
8.40%228.41B
8.40%228.41B
10.44%225.74B
15.48%220.71B
2.62%213.9B
-6.28%210.72B
-6.28%210.72B
-Money market investments
28.39%346.35B
14.57%248.57B
11.07%268.82B
7.46%238.32B
7.46%238.32B
-0.84%269.75B
25.51%216.96B
42.24%242.03B
30.68%221.78B
30.68%221.78B
-Restricted cash and investments
-1.19%13.78B
0.88%13.57B
0.73%13.56B
-2.23%13.34B
-2.23%13.34B
-1.96%13.95B
-3.42%13.45B
0.59%13.46B
5.61%13.65B
5.61%13.65B
Receivables
8.90%91.95B
20.05%94.94B
22.18%94.41B
23.15%96.51B
23.15%96.51B
27.17%84.43B
16.07%79.08B
21.02%77.27B
18.21%78.37B
18.21%78.37B
-Accounts receivable
50.96%5.04B
37.43%4.47B
-4.45%3.82B
4.82%3.78B
4.82%3.78B
-3.91%3.34B
-14.96%3.25B
16.90%4B
-5.97%3.61B
-5.97%3.61B
-Other receivables
7.17%86.91B
19.31%90.47B
23.63%90.59B
24.03%92.73B
24.03%92.73B
28.89%81.09B
17.91%75.83B
21.25%73.28B
19.70%74.76B
19.70%74.76B
Prepaid assets
16.63%7.91B
9.34%7.76B
10.29%7.65B
21.71%7.71B
21.71%7.71B
1.47%6.78B
11.62%7.1B
23.16%6.94B
20.88%6.34B
20.88%6.34B
Net loan
6.58%965.4B
5.23%948.28B
-1.22%905.1B
0.13%910.59B
0.13%910.59B
2.54%905.8B
4.48%901.19B
11.85%916.23B
10.56%909.42B
10.56%909.42B
-Gross loan
6.58%965.4B
5.23%948.28B
-1.22%905.1B
0.13%910.59B
0.13%910.59B
2.54%905.8B
4.48%901.19B
11.85%916.23B
10.56%909.42B
10.56%909.42B
Securities and investments
-10.79%735.93B
-12.04%718.13B
-5.32%686.07B
26.17%885.02B
26.17%885.02B
25.89%824.9B
21.87%816.39B
17.18%724.63B
16.77%701.46B
16.77%701.46B
-Trading securities
13.91%19.6B
7.70%21.79B
15.39%19.37B
3.82%18.66B
3.82%18.66B
-11.29%17.21B
27.46%20.23B
8.11%16.79B
4.36%17.97B
4.36%17.97B
-Available for sale securities
-1.52%657.13B
-6.16%621.02B
0.68%577.94B
32.26%736.32B
32.26%736.32B
24.56%667.27B
21.35%661.81B
9.25%574.05B
16.51%556.74B
16.51%556.74B
-Short term investments
-57.84%59.2B
-43.93%75.33B
-33.67%88.75B
2.60%130.04B
2.60%130.04B
40.24%140.42B
23.64%134.35B
72.83%133.8B
20.00%126.75B
20.00%126.75B
Long term equity investment
-68.60%2.77B
22.77%9.67B
24.56%9.45B
24.86%9.29B
24.86%9.29B
27.14%8.81B
13.30%7.88B
13.17%7.59B
21.60%7.44B
21.60%7.44B
Derivative assets
3.30%70.74B
-4.42%69.63B
-19.45%71.19B
-29.35%55.25B
-29.35%55.25B
-12.36%68.48B
-7.39%72.85B
21.89%88.37B
13.27%78.21B
13.27%78.21B
Net PPE
18.96%12.85B
13.26%12.78B
7.79%12.35B
7.36%12.49B
7.36%12.49B
-1.78%10.8B
3.00%11.29B
7.80%11.46B
-3.16%11.63B
-3.16%11.63B
-Gross PPE
10.71%28.88B
3.31%28.53B
0.95%27.81B
1.95%27.78B
1.95%27.78B
-1.69%26.08B
4.94%27.61B
6.06%27.55B
0.64%27.25B
0.64%27.25B
-Accumulated depreciation
-4.88%-16.02B
3.56%-15.75B
3.92%-15.46B
2.09%-15.29B
2.09%-15.29B
1.63%-15.28B
-6.32%-16.33B
-4.85%-16.09B
-3.66%-15.62B
-3.66%-15.62B
Goodwill and other intangible assets
2.19%24.02B
-0.48%23.81B
-3.97%23.05B
1.08%23.36B
1.08%23.36B
5.88%23.5B
9.95%23.92B
13.44%24.01B
9.49%23.11B
9.49%23.11B
-Goodwill
4.52%8.26B
-0.62%8.05B
-7.70%7.64B
3.77%7.84B
3.77%7.84B
8.31%7.9B
10.63%8.1B
10.32%8.28B
-3.48%7.55B
-3.48%7.55B
-Other intangible assets
1.01%15.76B
-0.40%15.76B
-2.00%15.42B
-0.22%15.53B
-0.22%15.53B
4.69%15.6B
9.61%15.83B
15.16%15.73B
17.13%15.56B
17.13%15.56B
Defined pension benefit
-8.95%346M
10.85%429M
-15.54%337M
-16.55%343M
-16.55%343M
-20.50%380M
-20.53%387M
-18.57%399M
-16.63%411M
-16.63%411M
Other assets
1,952.61%206.53B
2,895.85%268.76B
2,329.13%234.14B
27.23%8.76B
27.23%8.76B
4.42%10.06B
-8.79%8.97B
23.25%9.64B
-5.39%6.89B
-5.39%6.89B
Total assets
10.93%2.78T
11.85%2.72T
9.22%2.61T
9.57%2.54T
9.57%2.54T
9.89%2.51T
12.40%2.43T
15.43%2.39T
12.17%2.32T
12.17%2.32T
Liabilities
Total deposits
9.46%1.02T
10.17%1.02T
5.52%965.33B
9.17%951.35B
9.17%951.35B
10.46%932.28B
11.41%923.28B
13.36%914.83B
2.48%871.44B
2.48%871.44B
Federal funds purchased and securities sold under agreement to repurchase
16.99%418.46B
25.36%400.02B
25.83%370.05B
23.63%362.79B
23.63%362.79B
16.65%357.68B
30.08%319.1B
14.59%294.1B
16.05%293.44B
16.05%293.44B
Payables
-2.32%22.47B
-6.77%18.01B
-4.92%19.43B
8.34%12.69B
8.34%12.69B
12.54%23B
-3.58%19.32B
22.14%20.44B
21.89%11.71B
21.89%11.71B
-Total tax payable
19.98%22.47B
16.50%18.01B
28.78%19.43B
32.54%9.25B
32.54%9.25B
10.91%18.72B
-4.20%15.46B
14.33%15.09B
8.66%6.98B
8.66%6.98B
-Other payable
----
----
----
-27.38%3.44B
-27.38%3.44B
20.26%4.27B
-1.00%3.86B
51.32%5.35B
48.60%4.73B
48.60%4.73B
Current provisions
----
----
----
-9.25%1.87B
-9.25%1.87B
----
----
----
-12.48%2.06B
-12.48%2.06B
Current debt and capital lease obligation
8.29%201.84B
26.81%208.51B
27.21%208.45B
18.25%187.02B
18.25%187.02B
21.14%186.38B
20.16%164.42B
38.39%163.86B
25.51%158.16B
25.51%158.16B
-Current debt
8.29%201.84B
26.81%208.51B
27.21%208.45B
18.25%187.02B
18.25%187.02B
21.14%186.38B
20.16%164.42B
38.39%163.86B
25.51%158.16B
25.51%158.16B
Trading liabilities
12.00%19.57B
-10.54%17.91B
-8.75%14.5B
-12.32%16.07B
-12.32%16.07B
-1.10%17.47B
24.55%20.02B
4.88%15.89B
48.73%18.33B
48.73%18.33B
Long term provisions
-2.93%25.79B
-3.02%25.4B
4.36%26.6B
3.38%23.94B
3.38%23.94B
10.98%26.57B
6.33%26.19B
-0.65%25.49B
-6.59%23.16B
-6.59%23.16B
Long term debt and capital lease obligation
6.75%283.79B
-2.24%270.01B
-7.58%254.66B
-1.85%264.81B
-1.85%264.81B
-0.68%265.86B
6.59%276.19B
20.86%275.54B
38.21%269.8B
38.21%269.8B
-Long term debt
6.80%280.34B
-2.28%266.52B
-7.47%251.5B
-1.64%261.51B
-1.64%261.51B
-0.47%262.48B
6.95%272.74B
21.36%271.8B
40.02%265.87B
40.02%265.87B
-Long term capital lease obligation
2.37%3.45B
0.90%3.48B
-15.67%3.16B
-15.96%3.3B
-15.96%3.3B
-14.70%3.37B
-15.64%3.45B
-7.05%3.75B
-26.20%3.93B
-26.20%3.93B
Non current deferred liabilities
0.26%1.96B
-21.33%2.02B
-41.76%1.75B
-39.13%1.88B
-39.13%1.88B
-31.06%1.96B
-17.32%2.56B
1.65%3.01B
-13.38%3.08B
-13.38%3.08B
Employee benefits
8.28%13.52B
4.48%14.35B
2.18%9.83B
4.87%15.83B
4.87%15.83B
6.05%12.48B
13.30%13.74B
10.31%9.62B
22.69%15.1B
22.69%15.1B
Derivative product liabilities
10.34%68.59B
-1.36%66.41B
-16.46%69.81B
-31.73%52.48B
-31.73%52.48B
-13.58%62.16B
-9.71%67.33B
30.16%83.57B
21.61%76.86B
21.61%76.86B
Other liabilities
15.18%495.97B
16.23%480.19B
18.46%474.6B
13.10%453.33B
13.10%453.33B
11.32%430.6B
10.18%413.12B
11.17%400.62B
13.82%400.83B
13.82%400.83B
Total liabilities
11.05%2.57T
12.24%2.52T
9.43%2.42T
9.33%2.34T
9.33%2.34T
9.80%2.32T
12.39%2.25T
15.77%2.21T
12.56%2.14T
12.56%2.14T
Shareholders'equity
Share capital
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
-common stock
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
0.00%90.73B
Less: Treasury stock
1,015.15%368M
244.95%376M
-42.37%68M
-84.51%11M
-84.51%11M
-53.52%33M
53.52%109M
49.37%118M
-86.55%71M
-86.55%71M
Gains losses not affecting retained earnings
19.44%111B
17.19%103.4B
17.23%94.89B
29.07%99.46B
29.07%99.46B
25.23%92.94B
32.55%88.23B
30.09%80.94B
22.97%77.06B
22.97%77.06B
Total stockholders'equity
9.65%201.37B
8.33%193.75B
8.16%185.55B
13.39%190.18B
13.39%190.18B
11.38%183.64B
13.76%178.85B
12.22%171.55B
9.72%167.72B
9.72%167.72B
Non controlling interests
6.46%9.62B
-10.94%8.98B
-18.45%8.13B
-5.51%8.87B
-5.51%8.87B
2.22%9.04B
-5.06%10.09B
-1.05%9.97B
-19.14%9.39B
-19.14%9.39B
Total equity
9.50%210.99B
7.30%202.73B
6.70%193.68B
12.39%199.05B
12.39%199.05B
10.91%192.67B
12.57%188.94B
11.40%181.52B
7.68%177.11B
7.68%177.11B
Currency Unit
BRL
BRL
BRL
BRL
BRL
BRL
BRL
BRL
BRL
BRL
Accounting Standards
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
Audit Opinions
--
--
--
Unqualified Opinion
--
--
--
--
Unqualified Opinion
--
(Q3)Sep 30, 2024(Q2)Jun 30, 2024(Q1)Mar 31, 2024(FY)Dec 31, 2023(Q4)Dec 31, 2023(Q3)Sep 30, 2023(Q2)Jun 30, 2023(Q1)Mar 31, 2023(FY)Dec 31, 2022(Q4)Dec 31, 2022
Assets
Cash cash equivalents and federal funds sold 18.95%605.96B13.23%510.78B8.72%510.33B7.60%480.08B7.60%480.08B3.83%509.44B19.37%451.12B19.75%469.38B9.49%446.15B9.49%446.15B
-Cash and cash equivalents 8.90%245.83B12.66%248.65B6.57%227.96B8.40%228.41B8.40%228.41B10.44%225.74B15.48%220.71B2.62%213.9B-6.28%210.72B-6.28%210.72B
-Money market investments 28.39%346.35B14.57%248.57B11.07%268.82B7.46%238.32B7.46%238.32B-0.84%269.75B25.51%216.96B42.24%242.03B30.68%221.78B30.68%221.78B
-Restricted cash and investments -1.19%13.78B0.88%13.57B0.73%13.56B-2.23%13.34B-2.23%13.34B-1.96%13.95B-3.42%13.45B0.59%13.46B5.61%13.65B5.61%13.65B
Receivables 8.90%91.95B20.05%94.94B22.18%94.41B23.15%96.51B23.15%96.51B27.17%84.43B16.07%79.08B21.02%77.27B18.21%78.37B18.21%78.37B
-Accounts receivable 50.96%5.04B37.43%4.47B-4.45%3.82B4.82%3.78B4.82%3.78B-3.91%3.34B-14.96%3.25B16.90%4B-5.97%3.61B-5.97%3.61B
-Other receivables 7.17%86.91B19.31%90.47B23.63%90.59B24.03%92.73B24.03%92.73B28.89%81.09B17.91%75.83B21.25%73.28B19.70%74.76B19.70%74.76B
Prepaid assets 16.63%7.91B9.34%7.76B10.29%7.65B21.71%7.71B21.71%7.71B1.47%6.78B11.62%7.1B23.16%6.94B20.88%6.34B20.88%6.34B
Net loan 6.58%965.4B5.23%948.28B-1.22%905.1B0.13%910.59B0.13%910.59B2.54%905.8B4.48%901.19B11.85%916.23B10.56%909.42B10.56%909.42B
-Gross loan 6.58%965.4B5.23%948.28B-1.22%905.1B0.13%910.59B0.13%910.59B2.54%905.8B4.48%901.19B11.85%916.23B10.56%909.42B10.56%909.42B
Securities and investments -10.79%735.93B-12.04%718.13B-5.32%686.07B26.17%885.02B26.17%885.02B25.89%824.9B21.87%816.39B17.18%724.63B16.77%701.46B16.77%701.46B
-Trading securities 13.91%19.6B7.70%21.79B15.39%19.37B3.82%18.66B3.82%18.66B-11.29%17.21B27.46%20.23B8.11%16.79B4.36%17.97B4.36%17.97B
-Available for sale securities -1.52%657.13B-6.16%621.02B0.68%577.94B32.26%736.32B32.26%736.32B24.56%667.27B21.35%661.81B9.25%574.05B16.51%556.74B16.51%556.74B
-Short term investments -57.84%59.2B-43.93%75.33B-33.67%88.75B2.60%130.04B2.60%130.04B40.24%140.42B23.64%134.35B72.83%133.8B20.00%126.75B20.00%126.75B
Long term equity investment -68.60%2.77B22.77%9.67B24.56%9.45B24.86%9.29B24.86%9.29B27.14%8.81B13.30%7.88B13.17%7.59B21.60%7.44B21.60%7.44B
Derivative assets 3.30%70.74B-4.42%69.63B-19.45%71.19B-29.35%55.25B-29.35%55.25B-12.36%68.48B-7.39%72.85B21.89%88.37B13.27%78.21B13.27%78.21B
Net PPE 18.96%12.85B13.26%12.78B7.79%12.35B7.36%12.49B7.36%12.49B-1.78%10.8B3.00%11.29B7.80%11.46B-3.16%11.63B-3.16%11.63B
-Gross PPE 10.71%28.88B3.31%28.53B0.95%27.81B1.95%27.78B1.95%27.78B-1.69%26.08B4.94%27.61B6.06%27.55B0.64%27.25B0.64%27.25B
-Accumulated depreciation -4.88%-16.02B3.56%-15.75B3.92%-15.46B2.09%-15.29B2.09%-15.29B1.63%-15.28B-6.32%-16.33B-4.85%-16.09B-3.66%-15.62B-3.66%-15.62B
Goodwill and other intangible assets 2.19%24.02B-0.48%23.81B-3.97%23.05B1.08%23.36B1.08%23.36B5.88%23.5B9.95%23.92B13.44%24.01B9.49%23.11B9.49%23.11B
-Goodwill 4.52%8.26B-0.62%8.05B-7.70%7.64B3.77%7.84B3.77%7.84B8.31%7.9B10.63%8.1B10.32%8.28B-3.48%7.55B-3.48%7.55B
-Other intangible assets 1.01%15.76B-0.40%15.76B-2.00%15.42B-0.22%15.53B-0.22%15.53B4.69%15.6B9.61%15.83B15.16%15.73B17.13%15.56B17.13%15.56B
Defined pension benefit -8.95%346M10.85%429M-15.54%337M-16.55%343M-16.55%343M-20.50%380M-20.53%387M-18.57%399M-16.63%411M-16.63%411M
Other assets 1,952.61%206.53B2,895.85%268.76B2,329.13%234.14B27.23%8.76B27.23%8.76B4.42%10.06B-8.79%8.97B23.25%9.64B-5.39%6.89B-5.39%6.89B
Total assets 10.93%2.78T11.85%2.72T9.22%2.61T9.57%2.54T9.57%2.54T9.89%2.51T12.40%2.43T15.43%2.39T12.17%2.32T12.17%2.32T
Liabilities
Total deposits 9.46%1.02T10.17%1.02T5.52%965.33B9.17%951.35B9.17%951.35B10.46%932.28B11.41%923.28B13.36%914.83B2.48%871.44B2.48%871.44B
Federal funds purchased and securities sold under agreement to repurchase 16.99%418.46B25.36%400.02B25.83%370.05B23.63%362.79B23.63%362.79B16.65%357.68B30.08%319.1B14.59%294.1B16.05%293.44B16.05%293.44B
Payables -2.32%22.47B-6.77%18.01B-4.92%19.43B8.34%12.69B8.34%12.69B12.54%23B-3.58%19.32B22.14%20.44B21.89%11.71B21.89%11.71B
-Total tax payable 19.98%22.47B16.50%18.01B28.78%19.43B32.54%9.25B32.54%9.25B10.91%18.72B-4.20%15.46B14.33%15.09B8.66%6.98B8.66%6.98B
-Other payable -------------27.38%3.44B-27.38%3.44B20.26%4.27B-1.00%3.86B51.32%5.35B48.60%4.73B48.60%4.73B
Current provisions -------------9.25%1.87B-9.25%1.87B-------------12.48%2.06B-12.48%2.06B
Current debt and capital lease obligation 8.29%201.84B26.81%208.51B27.21%208.45B18.25%187.02B18.25%187.02B21.14%186.38B20.16%164.42B38.39%163.86B25.51%158.16B25.51%158.16B
-Current debt 8.29%201.84B26.81%208.51B27.21%208.45B18.25%187.02B18.25%187.02B21.14%186.38B20.16%164.42B38.39%163.86B25.51%158.16B25.51%158.16B
Trading liabilities 12.00%19.57B-10.54%17.91B-8.75%14.5B-12.32%16.07B-12.32%16.07B-1.10%17.47B24.55%20.02B4.88%15.89B48.73%18.33B48.73%18.33B
Long term provisions -2.93%25.79B-3.02%25.4B4.36%26.6B3.38%23.94B3.38%23.94B10.98%26.57B6.33%26.19B-0.65%25.49B-6.59%23.16B-6.59%23.16B
Long term debt and capital lease obligation 6.75%283.79B-2.24%270.01B-7.58%254.66B-1.85%264.81B-1.85%264.81B-0.68%265.86B6.59%276.19B20.86%275.54B38.21%269.8B38.21%269.8B
-Long term debt 6.80%280.34B-2.28%266.52B-7.47%251.5B-1.64%261.51B-1.64%261.51B-0.47%262.48B6.95%272.74B21.36%271.8B40.02%265.87B40.02%265.87B
-Long term capital lease obligation 2.37%3.45B0.90%3.48B-15.67%3.16B-15.96%3.3B-15.96%3.3B-14.70%3.37B-15.64%3.45B-7.05%3.75B-26.20%3.93B-26.20%3.93B
Non current deferred liabilities 0.26%1.96B-21.33%2.02B-41.76%1.75B-39.13%1.88B-39.13%1.88B-31.06%1.96B-17.32%2.56B1.65%3.01B-13.38%3.08B-13.38%3.08B
Employee benefits 8.28%13.52B4.48%14.35B2.18%9.83B4.87%15.83B4.87%15.83B6.05%12.48B13.30%13.74B10.31%9.62B22.69%15.1B22.69%15.1B
Derivative product liabilities 10.34%68.59B-1.36%66.41B-16.46%69.81B-31.73%52.48B-31.73%52.48B-13.58%62.16B-9.71%67.33B30.16%83.57B21.61%76.86B21.61%76.86B
Other liabilities 15.18%495.97B16.23%480.19B18.46%474.6B13.10%453.33B13.10%453.33B11.32%430.6B10.18%413.12B11.17%400.62B13.82%400.83B13.82%400.83B
Total liabilities 11.05%2.57T12.24%2.52T9.43%2.42T9.33%2.34T9.33%2.34T9.80%2.32T12.39%2.25T15.77%2.21T12.56%2.14T12.56%2.14T
Shareholders'equity
Share capital 0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B
-common stock 0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B0.00%90.73B
Less: Treasury stock 1,015.15%368M244.95%376M-42.37%68M-84.51%11M-84.51%11M-53.52%33M53.52%109M49.37%118M-86.55%71M-86.55%71M
Gains losses not affecting retained earnings 19.44%111B17.19%103.4B17.23%94.89B29.07%99.46B29.07%99.46B25.23%92.94B32.55%88.23B30.09%80.94B22.97%77.06B22.97%77.06B
Total stockholders'equity 9.65%201.37B8.33%193.75B8.16%185.55B13.39%190.18B13.39%190.18B11.38%183.64B13.76%178.85B12.22%171.55B9.72%167.72B9.72%167.72B
Non controlling interests 6.46%9.62B-10.94%8.98B-18.45%8.13B-5.51%8.87B-5.51%8.87B2.22%9.04B-5.06%10.09B-1.05%9.97B-19.14%9.39B-19.14%9.39B
Total equity 9.50%210.99B7.30%202.73B6.70%193.68B12.39%199.05B12.39%199.05B10.91%192.67B12.57%188.94B11.40%181.52B7.68%177.11B7.68%177.11B
Currency Unit BRLBRLBRLBRLBRLBRLBRLBRLBRLBRL
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions ------Unqualified Opinion--------Unqualified Opinion--
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