- Nubank’s net income for the 4th quarter was $361 million, falling short of the estimated $368.4 million.
- The adjusted net income was $396 million, up from $113.8 million in the same quarter of the previous year.
- Total revenue reached $2.41 billion, marking a 66% increase year on year and surpassing the estimated $2.19 billion.
- Purchase volume for the quarter was $32.6 billion, reflecting a 37% increase year on year.
- Total deposits amounted to $23.7 billion, up 50% from the previous year and exceeding the estimated $20.85 billion.
- The client count stood at 93.9 million, a 26% increase year on year and slightly above the estimated 93.28 million.
- During the quarter, Nubank added 4.8 million clients, more than the estimated addition of 4.63 million.
- The company received 11 buy ratings, 6 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 | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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, a holding company that offers loans and digital banking services, has received a positive outlook from Smartkarma’s Smart Scores. The company’s overall score is a solid 3 out of 5, indicating a promising long-term outlook. NU Holdings scored a 5 in both growth and momentum, suggesting strong potential for future expansion and success. Additionally, the company received a 4 in resilience, indicating a stable and secure business model. However, NU Holdings received lower scores in value and dividend, with a 2 and 1 respectively. This may suggest that the company may not be the most affordable or lucrative option for investors. Overall, NU Holdings is a global company that serves clients worldwide through its subsidiaries, making it a promising option for long-term investment.
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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