Nubank Gains Post-Market After Doubling Profit in Quarter

-- Shares of Nu Holdings Ltd., one of the world’s largest digital banks, rallied post-market after a second-quarter earnings report that beat analyst expectations including record revenue and profit figures.Johannesburg Mayor Quits Amid Infighting, Financial Woes

Lending as a portion of the credit portfolio has jumped to about 25% from 15% over the last few years and carries a higher delinquency rate than credit cards, he said. The bank is profiting from the business, as seen by the risk-adjusted margin metric that rose to 22% from 13% in late 2022, the CFO added.Nu’s exact customer count jumped to 104.5 million by June 30 with 95.5 million of those in Brazil. Mexico now has 7.8 million customers and $3.3 billion of deposits while Colombia has 1.

The stock has 13 buy recommendations, eight holds and two sells, according to data compiled by Bloomberg. Its price target of $13.36 per share was just above its close on Tuesday of $12.71.Kamala Harris 4.0: Liberal, Moderate or Something Else?In one interview, George Clooney hit at directors Quentin Tarantino, David O. Russell and battled Brad Pitt over the best mullet. Here's what he said.TORONTO, August 13, 2024--Superior Plus Corp.

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