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.

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Itaú ended the trading session valued at R$ 387 billion. In Brazil, only Petrobras, valued at R$ 418 billion, surpasses the digital bank. Vale follows with R$ 255 billion.

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.

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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.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Impact of the Earnings Report

Market Environment

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Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

With earth, bamboo, straw, and lime mortar, a specialist builds a house for just over $460 and draws attention for its cost being much lower than traditional construction.

Starlink breaks the barrier of 10,000 satellites in orbit and takes its expansion to an unprecedented level, with a direct impact on global internet, technological competition, and the race for space.

NASA photographed a nearly perfect square with 3 km sides on Mars, 13 times larger than the Great Pyramid of Giza, but the official explanation is natural erosion; still, no one has explained why the four sides have almost identical lengths.

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