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Nubank Posts Record Revenue, Profit While Boosting Credit

Nubank Posts Record Revenue, Profit While Boosting Credit

Nu Holdings Ltd., one of the world’s largest digital banks, beat analyst estimates in the second-quarter while posting record revenue and profit despite headwinds from weaker local currencies in Latin America.Nubank, as the company is known, recorded $2.8 billion in revenue in the quarter through June 30 compared with a median estimate of $2.66 billion in a Bloomberg survey. Net income more than doubled from a year earlier to $487 million, surpassing analyst expectations of $418 million. Source link lol
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