PagBank records its highest recurring net income in Q124, reaching 522 million BRL - an increase of +33% in the annual comparison
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
TPV reached 112 billion BRL (+27% YoY), more than twice the industry's growth and 31 billion BRL in deposits, reinforcing the balance sheet for expansion of receivables anticipation and credit concession.SÃO PAULO, May 24, 2024 /PRNewswire/ -- PagBank (NYSE: PAGS), a complete digital bank in financial services and payments solution and one of the largest digital banks in Brazil, announces its results for the first quarter of 2024 (Q124). The main highlights of the period include a record recurring net profit of 522 million BRL (+33% YoY), while the net accounting profit reached 483 million BRL (+31 YoY%).Alexandre Magnani, CEO of PagBank, points out the continuity of the good results presented in the last quarters, highlighting the expressive gain of market share in payments (acquirings), balancing growth with profitability, while the Company establishes itself among the largest financial institutions in Brazil in number of clients:"We are more than 31 million customers and our execu
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PAGS
News
- PagSeguro Digital Ltd. (NYSE: PAGS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating. They now have a $15.00 price target on the stock.MarketBeat
- PagSeguro Digital Ltd. (NYSE: PAGS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating. They now have a $15.00 price target on the stock.MarketBeat
- PagSeguro Digital Ltd. (NYSE: PAGS) had its price target raised by analysts at JPMorgan Chase & Co. from $14.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- PagBank records its highest recurring net income in Q124, reaching 522 million BRL - an increase of +33% in the annual comparisonPR Newswire
- How to Play PagSeguro (PAGS) Ahead of Its Q1 Earnings Results? [Yahoo! Finance]Yahoo! Finance
PAGS
Earnings
- 5/23/24 - Beat
PAGS
Sec Filings
- 5/28/24 - Form 6-K
- 5/23/24 - Form 6-K
- 5/23/24 - Form 6-K
- PAGS's page on the SEC website