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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Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

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An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

China has just successfully tested the world’s first ground effect maritime vehicle, a craft that flies up to 6 meters above the water at 200 km/h, uses quantum technology and 6G communication, and can rescue patients in the middle of the ocean.

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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

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

The island that has 35 inhabitants and celebrates Christmas on January 6: the remote island of Foula lives in isolation, without internet and following Julius Caesar’s calendar for centuries.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

China has just successfully tested the world’s first ground effect maritime vehicle, a craft that flies up to 6 meters above the water at 200 km/h, uses quantum technology and 6G communication, and can rescue patients in the middle of the ocean.

End of an era: major supermarket chain ends 100 years of history after bankruptcy and monthly losses of around R$ 165,000

How much does a butcher earn at Assaí, Carrefour, and Atacadão in 2026? Updated salaries range between R$ 2,800 and R$ 3,490; but earnings can exceed R$ 4,500 with promotion and a package including PLR, productivity bonuses, and other attractive benefits.

Historic partnership: Agreement between SENAI, CN-SESI, and Volkswagen draws attention by promising the training of highly qualified professionals to meet the growing demands of the automotive and technological industry.

Labor shortage in the US construction industry opens up vacancies for Brazilian bricklayers, welders, and plumbers, with wages that can reach US$ 45 per hour.

Paraguay surprises with Sipap, its own Pix, which has been growing since 2020, reaches millions of monthly transactions, operates non-stop, and sparks curiosity about the real impact of this change on daily financial life.

Lack of agreement between the US and Iran boosts oil and increases pressure on energy, inflation, and the global economy.

Oil could reach US$ 120 with prolonged war in Iran and sparks global alert for inflation, energy, and economic growth

American Dream ends for Brazilians: thousands of people from Brazil defrauded by false job promises in the US.

Each SpaceX satellite costs up to R$3 million and requires frequent launches: the company spends billions to keep Starlink active, this being one of the reasons why satellite internet is not yet cheap.

End of an era: major supermarket chain ends 100 years of history after bankruptcy and monthly losses of around R$ 165,000