Nu Holdings posts $1.06 billion April–June profit, topping forecasts as shares jump 9.5%
AI Market Summary
Nu Holdings reported Q2 net profit of $1.06B and revenue of $5.88B, both above consensus, with risk-adjusted NIM rising to 12.4% and management indicating margin sustainability. Lower cost of credit and easing early delinquencies improved the credit outlook despite still-elevated YoY credit costs. The results drove a sharp after-hours share move, signaling stronger earnings power and potentially improving sentiment toward LATAM fintech lenders.
Impact level
● Medium
Affected assets
NCSKNU2USD/USDT+4.23%
AI Insight · NCSKNU2USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Nu Holdings, the parent of Nubank, reported net profit of $1.06 billion for the April–June quarter, up 49% year on year on a foreign-exchange-neutral basis and above the $967.2 million Visible Alpha estimate. Revenue rose 39% to $5.88 billion, also topping the $5.60 billion forecast. Risk-adjusted net interest margin increased to 12.4% from 9.9% a year earlier. Shares climbed about 9.5% in extended trading to roughly $15.25.
