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LATEST

Tata chairman’s shock exit move puts JLR owner's bets on chips, iPhones and Air India at risk●French taxpayers' data stolen in cyber attack, French Finance Ministry says●Petz Cobasi Q2 2026 Profit Rises 8.4% to R$70 Million●Cyrela Q2 2026 Profit Rises 16% to R$452 Million as Margins Hold●Banco do Brasil Q2 2026 Profit Climbs to R$3.9 Billion, Tops Forecasts●Frasers Buys Harvey Nichols, Faces One Of Toughest Revivals In Luxury●ICPC uncovers N24 billion linked to ghost-workers●CNBC Daily Open: Washington tightens squeeze on the Iranian economy●Tata chairman’s shock exit move puts JLR owner's bets on chips, iPhones and Air India at risk●French taxpayers' data stolen in cyber attack, French Finance Ministry says●Petz Cobasi Q2 2026 Profit Rises 8.4% to R$70 Million●Cyrela Q2 2026 Profit Rises 16% to R$452 Million as Margins Hold●Banco do Brasil Q2 2026 Profit Climbs to R$3.9 Billion, Tops Forecasts●Frasers Buys Harvey Nichols, Faces One Of Toughest Revivals In Luxury●ICPC uncovers N24 billion linked to ghost-workers●CNBC Daily Open: Washington tightens squeeze on the Iranian economy●

Emerging Markets

Nubank Q2 2026: Profit Tops US$1 Billion for the First Time

The Rio Times · 1h ago · 🇧🇷 Brazil

Nubank Q2 2026: Profit Tops US$1 Billion for the First Time

Nubank has crossed a threshold no Latin American fintech had reached before, posting US$1.061 billion in net income in the second quarter of 2026, its first quarter above US$1 billion. Profit rose 49% from a year earlier and 17% from the prior quarter, while return on equity closed at a striking 33%. The branchless digital bank now serves 138.9 million customers across Brazil, Mexico and Colombia, earning about US$17 a month from each active user. Here is how an app-only bank with no branches turned its vast customer base into serious, repeatable profit. The post Nubank Q2 2026: Profit Tops US

Read the full story at The Rio Times →

More Emerging Markets

Petz Cobasi Q2 2026 Profit Rises 8.4% to R$70 Million

The Rio Times · 14m ago

Cyrela Q2 2026 Profit Rises 16% to R$452 Million as Margins Hold

The Rio Times · 15m ago

Banco do Brasil Q2 2026 Profit Climbs to R$3.9 Billion, Tops Forecasts

The Rio Times · 16m ago

ICPC uncovers N24 billion linked to ghost-workers

Businessday NG · 23m ago