PagBank posts record quarter with net income (Non-GAAP) of 542 million BRL (+31% y/y)
PagSeguro Digital Ltd. Class A Common Shares (PAGS)
Last pagseguro digital ltd. class a common shares earnings: 2/27 05:11 pm
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Source: PR Newswire
In acquiring, record TPV of 124 billion BRL, three times the industry's growth; in banking, record revenue of 434 million BRL, +41% higher than the same period in 2023SÃO PAULO, Aug. 21, 2024 /PRNewswire/ -- PagBank (NYSE: PAGS), a complete digital bank in financial services and payments solution, announces its results for the second quarter of 2024 (2Q24). Among the key highlights of the period, the company recorded a record net income (Non-GAAP) of 542 million BRL (+31% y/y). Net income in a GAAP basis, also a record, was 504 million BRL (+31% y/y).After almost two years as CEO of PagBank, Alexandre Magnani celebrates the record numbers, the result of the strategy implemented and executed since the beginning of 2023: "We have nearly 32 million clients. These figures consolidate PagBank as a solid and complete bank, reinforcing our purpose of facilitating the financial life of people and businesses in a simple, integrated, secure and accessible way," says the CEO. In acquiring, the T
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PAGS
News
- PagSeguro Digital Ltd. (NYSE: PAGS) had its "underweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $6.50 price target on the stock, down previously from $14.00.MarketBeat
- PagSeguro Digital Ltd. (NYSE: PAGS) had its price target lowered by analysts at Barclays PLC from $18.00 to $16.00. They now have an "overweight" rating on the stock.MarketBeat
- PagBank posts record quarter with net income (Non-GAAP) of 542 million BRL (+31% y/y)PR Newswire
- PagSeguro Digital Ltd. (PAGS) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- With 52% ownership of the shares, PagSeguro Digital Ltd. (NYSE:PAGS) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
PAGS
Earnings
- 8/20/24 - Beat
PAGS
Sec Filings
- 9/11/24 - Form 6-K
- 8/29/24 - Form 6-K
- 8/20/24 - Form 6-K
- PAGS's page on the SEC website