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The collapse of the actions last week took the digital bank of the most valuable post in Latin America.
Disclosure/Nubank
What happened
- Last Friday (21/2), Nubank’s papers melted more than 17% on the New York Stock Exchange, which overthrew the company’s market value.
- With the fall of the actions ,.
- The shrinkage of US $ 10.9 billion (about R $ 62.2 billion) is equivalent to the market value of two BRFs – Company of the Food Sector, which today is about R $ 31 billion in the Brazilian Scholarship (B3). The data were collected by the consultancy Elos Ayta.
- . The Digital Bank registered a $ 552 million net income in the third quarter of last year, virtually in line with the same period of 2023.
- In the annual accumulated, profit reached $ 1.97 billion, a robust growth of 91% compared to the previous year.
- Despite the expansion of profit and solid customer base, the fall movement suggests a profit from investors, who have been boosting the papers over the past few weeks.
- Nu Holdings’s market value even crashed a $ 66.4 billion peak in early February, but lost strength with the intensification of global volatility and increased risk aversion.
Itaú reassumes the tip
With the collapse of Nubank’s roles, the first place resumed the ranking of the most valuable banks in Latin America.
By the end of last week, Itaú’s market value was $ 52.9 billion (about $ 303 billion), also according to data from Elosa Ayta Consultoria.
Now, besides being the most valuable bank in Latin America, Itaú occupies third place among companies in all sectors. O is the fourth place.
The most valuable company in Latin America is the free market. Secondly, Petrobras appears.
See the top 10 of companies with the highest market value in Latin America:
- Free Market: US $ 114.6 billion
- Petrobras: US $ 91.8 billion
- Itaú: US $ 52.9 billion
- Nubank: US $ 51.6 billion
- Mexico Wallmart: US $ 48.3 billion
- America Movil: $ 45.1 billion
- Vale: US $ 43.5 billion
- GMEXICO: US $ 39.7 billion
- WEG: $ 39 billion
- Mexican Economic Development: US $ 36.9 billion
In May last year, Nubank had become the most valuable bank in Latin America, after registering a $ 378.8 million profit in the first quarter, which corresponded to a growth of over 160%.
At the time, Nubank’s market value was $ 297 billion. Itaú was worth R $ 288 billion.
In January 2025, Nubank surpassed Itaú in number of customers, according to Central Bank data (. The company had 100.8 million customers, compared to Itaú’s 98.5 million.
Although classified as a bank on this list, Nubank technically is a fintech.
