Lending is growing in Latin America, but the region is still underbanked, says Laidler.

FORBES: Spend, Spend, Spend

But Laidler says positive loan growth and improving operating efficiency support a higher price for Unibanco.

FORBES: Spend, Spend, Spend

Lending has been growing in Latin America, but the region is still underbanked, says JPMorgan's Laidler.

FORBES: Spend, Spend, Spend

Total outstanding bank debt, including mortgages, in Brazil comes to 35% of annual gross domestic product, compared with 220% in the U.S. Laidler recommends buying Unibanco, Brazil's third-largest private sector bank.

FORBES: Spend, Spend, Spend