{"id":513448,"date":"2026-07-06T19:00:53","date_gmt":"2026-07-06T23:00:53","guid":{"rendered":"https:\/\/deultimominuto.net\/en\/uncategorized\/sheinbaum-receives-the-founder-of-nubank-the-bank-will-invest-4-2-billion-dollars-in-mexico\/"},"modified":"2026-07-06T19:00:53","modified_gmt":"2026-07-06T23:00:53","slug":"sheinbaum-receives-the-founder-of-nubank-the-bank-will-invest-4-2-billion-dollars-in-mexico","status":"publish","type":"post","link":"https:\/\/deultimominuto.com\/en\/uncategorized\/sheinbaum-receives-the-founder-of-nubank-the-bank-will-invest-4-2-billion-dollars-in-mexico\/","title":{"rendered":"Sheinbaum receives the founder of Nubank, the bank will invest 4.2 billion dollars in Mexico"},"content":{"rendered":"\n

President Claudia Sheinbaum received<\/strong> the CEO and founder of Nubank<\/strong>, David V\u00e9lez Osorno, at the National Palace. The banker informed her of an estimated investment<\/strong> of 4.2 billion dollars<\/strong> for Mexico in the 2026\u20132030<\/strong> period.<\/a><\/p>\n\n\n\n

Sheinbaum published the meeting<\/strong> this July 6 on her X<\/em> account, where she noted that the executive director<\/strong> of Nubank<\/strong> attended with his team<\/strong> and presented the projection<\/strong> of resources for the coming years.<\/p>\n\n\n\n

On his social media, David V\u00e9lez<\/strong> wrote: \u201cThank you very much<\/strong> for receiving us, President<\/strong>. We have big plans<\/strong> for Mexico<\/strong> at @nubank!\u201d<\/em><\/p>\n\n\n\n

<\/a>David V\u00e9lez<\/strong> is a Colombian entrepreneur<\/strong>, known for being the founder<\/strong> and CEO of Nubank<\/strong>, one of the largest<\/strong> digital banks<\/strong> in Latin America<\/strong>. Nubank<\/strong> was founded in 2013 in S\u00e3o Paulo, Brazil<\/strong>, and specializes in digital financial services<\/strong>.<\/p>\n\n\n\n

The company<\/strong> operates without physical branches<\/strong> and its main products are credit cards<\/strong>, savings<\/strong> accounts, and personal loans<\/strong>, all managed from a mobile application<\/strong>; the bank distinguished itself by eliminating fees<\/strong> and offering completely digital<\/strong> customer service<\/strong>.<\/p>\n\n\n\n

We recommend reading: Sheinbaum will speak with Delcy Rodr\u00edguez to provide more support to Venezuela<\/a><\/strong><\/p>\n\n\n\n

<\/a>In 2021<\/strong>, Nubank<\/strong> debuted on the New York Stock Exchange<\/strong> under the ticker symbol NU and reached a valuation<\/strong> of more than 40 billion dollars<\/strong> in its initial public offering.<\/p>\n\n\n\n

Sheinbaum has met with other bankers recentlyClaudia Sheinbaum received Jamie Dimon, CEO of J.P. Morgan<\/h2>\n\n\n\n

President Claudia Sheinbaum<\/strong> received Jamie Dimon<\/strong>, CEO of J.P. Morgan<\/strong>, at the National Palace<\/strong> on June 9<\/strong>, and stated that they discussed economic perspectives<\/strong> for the country during the meeting. The president reported on the encounter through her social media channels.<\/p>\n\n\n\n

Sheinbaum <\/strong>detailed the topics discussed: \u201cWe talked about the <\/em>favorable prospects <\/strong><\/em>for <\/em>Mexico<\/strong><\/em>, the <\/em>strength <\/strong><\/em>of our <\/em>economy <\/strong><\/em>and the <\/em>importance <\/strong><\/em>of the North American <\/em>trade agenda<\/strong><\/em>\u201d<\/em>, according to her post.<\/p>\n\n\n\n

Dimon <\/strong>heads J.P. Morgan Chase & Co. <\/strong>as chairman <\/strong>of the board and chief executive officer, with assets valued at $3.2 trillion <\/strong>and a presence <\/strong>in every <\/strong>market <\/strong>in the world. The institution holds the top spot <\/strong>in the sector for investment <\/strong>banking<\/strong>, asset <\/strong>management, financial transaction <\/strong>processing, commercial banking<\/strong>, and services for consumers <\/strong>and small businesses<\/strong>.<\/p>\n\n\n\n

Bank of America downgrades Nubank to underperform and cuts its price target to USD 10<\/h2>\n\n\n\n

Bank of America downgraded Nubank to underperform and lowered its price target from USD 16 to USD 10 following the departure of CFO Guilherme Lago. <\/p>\n\n\n\n

Bank of America <\/strong>downgraded Nubank <\/strong>to underperform <\/strong>and lowered its price <\/strong>target from 16 <\/strong>to 10 dollars <\/strong>following the departure <\/strong>of CFO <\/strong>Guilherme Lago, a decision that, according to the firm, exacerbates doubts <\/strong>about the neobank’s execution <\/strong>at a time of pressure <\/strong>on credit in Brazil <\/strong>and expansion <\/strong>into Mexico<\/strong>, Colombia <\/strong>and the United States<\/strong>.<\/p>\n\n\n\n

The investment bank’s harshest projection<\/strong> is in the cost of risk<\/strong>: it calculates that provisions<\/strong> to cover potential defaults<\/strong> would rise 80%<\/strong> to 8.04 billion dollars<\/strong> in 2026<\/strong>. It also foresees a drop in profitability<\/strong> on tangible equity<\/strong>, which would fall to 26.4%<\/strong> that same year.<\/p>\n\n\n\n

Said downgrade<\/strong> was accompanied by a cut<\/strong> in the company’s valuation<\/strong>. Bank of America<\/strong> adjusted its target multiple to 13 times its 2026 earnings<\/strong> per share estimate<\/strong>, set at 0.89 dollars<\/strong>, compared to 18 times in its previous assessment.<\/p>\n\n\n\n

The firm believes that Nubank<\/strong> will earn more money<\/strong>, but in exchange it would assume greater exposure<\/strong> to credit deterioration<\/strong>. Its thesis is that interest<\/strong> income<\/strong> will grow strongly in 2026, but that advance would not by itself compensate<\/strong> for the expected increase<\/strong> in reserves for losses<\/strong>.<\/p>\n\n\n\n

According to BofA Securities<\/strong>, the departures<\/strong> in senior management are now \u201charder to ignore<\/strong>\u201d<\/em>. For the firm, this turnover \u201cincreases uncertainty<\/strong> regarding the execution<\/strong> and strength<\/strong> of the management team<\/strong>\u201d<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Claudia Sheinbaum received the CEO and founder of Nubank, David V\u00e9lez Osorno, at the National Palace. The banker informed her of an estimated investment of 4.2 billion dollars for Mexico in the 2026\u20132030 period. Sheinbaum published the meeting this July 6 on her X account, where she noted that the executive director of Nubank […]<\/p>\n","protected":false},"author":133556,"featured_media":514135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1],"tags":[],"class_list":["post-513448","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/phj1q1-29zq","jetpack_featured_media_url":"https:\/\/deultimominuto.com\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/DAJJCUL7UZETLKST5Z2JT347NQ.avif","dum_api":{"author_name":"Yerandi Santana","author_image":"https:\/\/deultimominuto.com\/wp-content\/uploads\/2026\/02\/cropped-WhatsApp-Image-2026-02-13-at-5.35.07-PM-96x96.jpeg","categories_name":["Uncategorized"],"featured_media_url":"https:\/\/cdn.deultimominuto.com\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/DAJJCUL7UZETLKST5Z2JT347NQ.avif"},"_links":{"self":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/513448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/users\/133556"}],"replies":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/comments?post=513448"}],"version-history":[{"count":0,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/513448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media\/514135"}],"wp:attachment":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media?parent=513448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/categories?post=513448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/tags?post=513448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}