US EditionBrazilian digital bank Nubank hits a $58.2B market cap, surpassing Itau, previously the most valuable financial institution in Latin America, at ~$56B
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Nubank, known for revolutionizing the digital banking sector, reached another milestone in its history, consolidating its position as one of the main financial institutions in Brazil and Latin America. Valued at an incredible R$ 297 billion, the digital bank now ranks second among the companies listed on B3, surpassing Itaú Unibanco... The post Nubank is the most valuable bank in Latin America appeared first on The Antagonist.
On the Brazilian stock exchange, the digital bank is second only to Petrobras in market value, according to a survey by Einar Rivero, founding partner of Elos Ayta Consultoria.
Nubank surpassed Itaú Unibanco in market value, making it the most valuable bank in Latin America. The milestone was reached with an increase of 3.8% today, which catapulted the digital bank's market value to US$ 58.2 billion, or R$ 296 billion at today's exchange rate. Itaú closed worth R$ 288 billion in B3, or US$ 56 billion. For comparison, Bradesco is worth R$ 130 billion, and Santander Brazil, R$ 105 billion. The phenomenon had happened bef…
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