Nubank vs Itaú Unibanco
This page compares Nubank and Itaú Unibanco, covering their business models, financial performance, and the market context in which they operate. It presents neutral, accessible information about the two institutions, highlighting similarities and differences to help readers form a balanced view. Educational content, not financial advice.
This page compares Nubank and Itaú Unibanco, covering their business models, financial performance, and the market context in which they operate. It presents neutral, accessible information about the ...
Why It's Moving
NU Dips on Mexico Expansion Costs as Earnings Buzz Builds
- Mexico unit's aggressive $4.2B commit raises execution risks and near-term profitability squeeze from customer acquisition and regulatory hurdles.
- Recent session saw 2.1% drop amid broader market caution, though monthly gains of 4.6% outpace S&P 500's decline.
- Analysts project Q4 EPS at $0.18 (up 50% YoY) and revenue at $4.55B (up 52%), fueling Zacks Rank #2 (Buy) optimism.
ITUB Stock Warning: Why Analysts See -18% Downside Risk
- UBS downgraded ITUB to Neutral from Buy, pointing to stretched valuations as the bank's growth prospects are already baked into shares.
- Revenue forecasts faced four downward revisions in the past three months despite a $9B estimate, highlighting market worries over slowing top-line expansion.
- Consensus analyst targets lag well behind the recent peak, with mixed EPS revisions underscoring uncertainty ahead of the upcoming 4Q25 earnings release.
NU Dips on Mexico Expansion Costs as Earnings Buzz Builds
- Mexico unit's aggressive $4.2B commit raises execution risks and near-term profitability squeeze from customer acquisition and regulatory hurdles.
- Recent session saw 2.1% drop amid broader market caution, though monthly gains of 4.6% outpace S&P 500's decline.
- Analysts project Q4 EPS at $0.18 (up 50% YoY) and revenue at $4.55B (up 52%), fueling Zacks Rank #2 (Buy) optimism.
ITUB Stock Warning: Why Analysts See -18% Downside Risk
- UBS downgraded ITUB to Neutral from Buy, pointing to stretched valuations as the bank's growth prospects are already baked into shares.
- Revenue forecasts faced four downward revisions in the past three months despite a $9B estimate, highlighting market worries over slowing top-line expansion.
- Consensus analyst targets lag well behind the recent peak, with mixed EPS revisions underscoring uncertainty ahead of the upcoming 4Q25 earnings release.
Investment Analysis
Nubank
NU
Pros
- Nu Holdings operates a leading digital-only banking platform across Brazil, Mexico, and Colombia, capturing rapid adoption in underbanked, tech-savvy Latin American markets.
- The company has delivered exceptional revenue and earnings growth, with recent annual revenue up nearly 50% and net profit margins above 39%, outperforming traditional banks.
- Nu Holdings continues to add millions of customers quarterly, with recent growth to over 100 million users, driving strong cross-selling and higher average products per active customer.
Considerations
- Nu Holdings’ valuation metrics, such as a price-to-earnings ratio above 34, are elevated compared to many traditional banks, reflecting high growth expectations already priced in.
- The company’s lack of a dividend may deter income-focused investors, despite robust profitability and cash generation.
- As a digital disruptor, Nu Holdings faces ongoing regulatory scrutiny and potential new compliance costs in multiple Latin American jurisdictions as its footprint expands.
Itaú Unibanco
ITUB
Pros
- Itaú Unibanco is the largest private bank in Brazil, with a diversified revenue base, deep customer relationships, and a leading position in corporate and retail banking.
- The bank maintains a strong capital position and consistent profitability, supported by its scale, operational efficiency, and prudent risk management through economic cycles.
- Itaú Unibanco benefits from a well-established branch network and brand recognition, providing stability and cross-selling opportunities even as digital channels grow.
Considerations
- Itaú Unibanco’s growth rates are modest compared to digital-native peers, as its mature business faces slower customer acquisition and loan expansion in a competitive market.
- The bank is exposed to macroeconomic volatility in Brazil, including interest rate fluctuations and currency risks, which can pressure earnings and asset quality.
- Itaú Unibanco’s cost structure is higher than digital competitors, with legacy branch networks and IT systems limiting margin expansion potential in the near term.
Related Market Insights
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Related Market Insights
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Nubank (NU) Next Earnings Date
Nu Holdings (NU) is expected to report its next earnings on February 25, 2026, covering the Q4 2025 period, with a conference call scheduled shortly thereafter. This date aligns with the company's historical mid-to-late February pattern for year-end results, as confirmed by multiple analyst estimates. Investors should monitor for official confirmation from the company.
Itaú Unibanco (ITUB) Next Earnings Date
Itau Unibanco (ITUB) reported its most recent earnings for Q4 2025 on February 4, 2026. The next earnings date is scheduled for May 7, 2026, covering the Q1 2026 period, consistent with the company's quarterly reporting cadence. Investors should monitor for the official confirmation as the date approaches.
Nubank (NU) Next Earnings Date
Nu Holdings (NU) is expected to report its next earnings on February 25, 2026, covering the Q4 2025 period, with a conference call scheduled shortly thereafter. This date aligns with the company's historical mid-to-late February pattern for year-end results, as confirmed by multiple analyst estimates. Investors should monitor for official confirmation from the company.
Itaú Unibanco (ITUB) Next Earnings Date
Itau Unibanco (ITUB) reported its most recent earnings for Q4 2025 on February 4, 2026. The next earnings date is scheduled for May 7, 2026, covering the Q1 2026 period, consistent with the company's quarterly reporting cadence. Investors should monitor for the official confirmation as the date approaches.
Which Baskets Do They Appear In?
Brazil Digital Banking: Could Infrastructure Stocks Win?
As more Brazilians turn to digital platforms for managing their wealth, the demand for sophisticated financial technology is growing. This basket offers exposure to US and EU-listed companies providing the critical software, payment systems, and market infrastructure powering this shift.
Published: October 9, 2025
Explore BasketWhich Baskets Do They Appear In?
Brazil Digital Banking: Could Infrastructure Stocks Win?
As more Brazilians turn to digital platforms for managing their wealth, the demand for sophisticated financial technology is growing. This basket offers exposure to US and EU-listed companies providing the critical software, payment systems, and market infrastructure powering this shift.
Published: October 9, 2025
Explore BasketBuy NU or ITUB in Nemo
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