I really can't complain this year, the numbers are finally coming in on the stock's performance and $NU+0.3% is adding another +6.7% in the premarket after releasing quarterly results.
Nubank added 5.31 million customers in the first quarter ending March 4, bringing the global total to 79.1 million, a 33% increase over last year.
The bank's gross profit rose 124% to $650.9 million. On an adjusted basis, the bank posted a net profit of US$182.4 million, compared with US$10.1 million a year earlier.
Sorry to write about NU so often now, but I'm finally happy about it 😅
Capital Structure
Market Cap
59.3B
Enterpr. Val.
55.4B
Valuation
P/E
47.7
P/S
7.9
ok
Interesting company. I'm reading about it now. Granted, a bank and those are a bit scary right now, but it provides a lot for clients and South America might be just fine. I guess it's politically unstable there, or at least that's what I've heard in the past? ...On the other hand, the development is there. I like the mining industry from that area for example, although on the other hand I don't like the encroachment on the rainforests, but that's another discussion. :D
Congratulations👍May the stock continue to do well.