- Nubank’s net income for the third quarter was $303 million, a significant increase from $7.8 million year-on-year.
- The net income surpassed the estimated $251.4 million.
- Adjusted net income also saw a substantial increase, from $63.1 million year-on-year to $355.6 million.
- Total revenue for Nubank reached $2.14 billion, a 64% increase from the previous year and higher than the estimated $2.02 billion.
- The total deposits for the company were $19.1 billion, slightly below the estimated $19.44 billion.
- The client count for Nubank increased to 89.1 million, exceeding the estimated 88.03 million.
- The number of new clients added during this quarter was 5.4 million, surpassing the estimate of 4.24 million.
- The company received 11 buy ratings, 7 hold ratings, and 2 sell ratings.
A look at NU Holdings /Cayman Islands Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
NU Holdings Ltd. of the Cayman Islands provides loans and digital banking services, as well as post-paid credit cards and equity investments in other entities. According to Smartkarma Smart Scores, NU Holdings /Cayman Islands has a positive outlook in the long-term. The company scores highly across value, growth, resilience and momentum. This is an indication that the company is well-positioned to provide its services and investments with stability and profitability in the years to come.
The company’s strong performance across the board is a testament to its commitment to its clients. With a 1-5 score of 2 for value, 5 for growth, 5 for resilience and 5 for momentum, NU Holdings /Cayman Islands is well-positioned to continue providing its services and investments with long-term success and sustainability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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