With 107 Million Customers and Historic Valuation, Nubank Takes Second Place Among The Most Valuable Companies in Brazil

Written by Fabio Lucas Carvalho

Published on 10/09/2025 at 12:47

Updated on 10/09/2025 at 12:49

Nubank alcança R$ 404 bilhões em valor de mercado, supera o Itaú e volta a ser o banco mais valioso da América Latina.

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With Record Quarterly Results and Upgraded Recommendations from Major Banks, Nubank Soars on the Stock Market, Surpassing Itaú and Establishing Itself as a Financial Giant.

According to a report from Estadão, Nubank regained its position as the most valuable bank in Latin America. The fintech surpassed Itaú Unibanco after a 5% increase in the week and 25% in 30 days.

The movement was driven by results exceeding expectations and improved recommendations from major banks.

On the New York Stock Exchange (NYSE), Nubank closed with a market cap of US$ 74.5 billion, or R$ 404 billion.

ARTICLE CONTINUES BELOW

Impact of the Earnings Report

The earnings report released on August 14 showed record profit in the second quarter, above analysts’ projections.

Since then, five banks have upgraded their recommendations: Itaú BBA, BTG Pactual, Citi, Bradesco BBI, and Santander.

Citi went further and raised its rating from sell to buy. Santander, previously rated sell, is now indicating neutral.

Bank of America maintained a neutral stance but raised the price target to US$ 16.00 in 2026. Since the earnings report, the stock has accumulated a 31% appreciation on the NYSE.

Market Environment

Before the numbers were released, there were fears that high interest rates and a weak economy would hurt the fintech. The results, however, dispelled those doubts.

In Latin America, Brazil is said to be years ahead. Nubank, C6, PicPay, Neon, and Inter are considered the five major digital banks in the country.

Nubank has 107 million customers in Brazil and 122.7 million worldwide.

The fintech went public in December 2021, being the last of the group. With Inter already listed in New York, there are expectations for new IPOs.

With 107 Million Customers and Historic Valuation, Nubank Takes Second Place Among The Most Valuable Companies in Brazil

With Record Quarterly Results and Upgraded Recommendations from Major Banks, Nubank Soars on the Stock Market, Surpassing Itaú and Establishing Itself as a Financial Giant.

Impact of the Earnings Report

Market Environment

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With 107 Million Customers and Historic Valuation, Nubank Takes Second Place Among The Most Valuable Companies in Brazil

With Record Quarterly Results and Upgraded Recommendations from Major Banks, Nubank Soars on the Stock Market, Surpassing Itaú and Establishing Itself as a Financial Giant.

Impact of the Earnings Report

Market Environment

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

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More than 20 billion dollars and 600 km of railway were built in record time in Africa to extract the hidden iron ore from Simandou from the forest, now the first ships are arriving in China and the IMF predicts a 25% jump in Guinea’s GDP.

Around 7,000 jobs are expected to emerge in Navegantes with a new billion-dollar order from Petrobras, which closed R$ 11 billion in contracts to build four hybrid propulsion vessels equipped with underwater robots for the pre-salt layer at the Santa Catarina shipyard.

The oldest nuclear aircraft carrier still in operation in the world is currently on Brazilian soil making its final journey before retirement, and two American military planes landed in Salvador and Fortaleza to support the mission.

A new plastic tile that perfectly mimics traditional clay ones is gaining popularity on Brazilian roofs, being lighter, quicker to install, and capable of reducing both construction time and the weight on the house structure all at once.

WhatsApp is about to eliminate one of the app’s biggest annoyances; soon a single screen will show all online contacts at the same time without needing to open each conversation individually to find out who is available.