Nu Holdings Ltd Ordinary Shares Class A
NU: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.@f | LOCK|Cv#B | LOCK|p$!&J?MV |
Nubank Earnings: Impressive Revenue Growth but Credit Provisioning Costs Spike
Nubank reported mixed first-quarter results as revenue growth was better than expected, but high credit costs will add to macroeconomic concerns. Revenue rose 53% from last year to just under $5 billion, while net income increased 56.4%.
