Buy Itau Unibanco (ITUB)

12/30/2008 10:17 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

The most profitable bank in Brazil is also one of the fastest moving. Itau Unibanco recently bought Bank of America's operations in Chile and Uruguay and is expanding into Argentina. (Full disclosure: I own shares of Itau Unibanco in my personal portfolio.)

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