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

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American company deploys humanoid robots to work live for 8 hours and surprises by showing machines handling packages at an almost human pace while accelerating production on a global industrial scale

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