Brazil · Markets

Key Facts

—The slide. Nubank shares have fallen roughly 28% in 2026, the worst run among major Latin American financial stocks.

—Citi’s cut. Citi moved to Neutral and lowered its target from $18 to $13, warning growth is coming at the cost of profitability.

—BofA’s bear call. Bank of America cut the stock to Underperform with a $10 target after the chief financial officer’s surprise exit.