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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USDC gains ground: Tether’s market share drops to 74% in 2024Tether USDT market share drops from 82% to 74%. Regulated stablecoins such as USDC gains market share depicting changing market preferences.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Op-Ed: The Capital Gains Hike Hurts Private Landlords, Rental MarketThe capital gains tax inclusion rate change affects not just developers, but also small, private landlords, writes Macdonald Realty President Jonathan Cooper.
Source: storeyspub - 🏆 16. / 74 Read more »

Mild price gains for gold as market pauses, bulls reloadThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Market reversal: stocks, oil, gold, Bitcoin all sink after early gains on job dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Market continues gains after Biden leaves 2024 race: Yahoo FinanceMany Big Tech names have begun to rebound from their losing position last week as markets digest President Joe Biden's decision to drop out of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »