Nubank Sees Profit Surge Amid Rising Delinquencies and Expansion

Nubank reported a net profit of $378.8 million in the first quarter of 2024, marking a 167% increase from the same period last year. Despite this impressive growth, the figure fell short of the $404.8 million analysts had projected. Compared to the previous quarter, the net profit grew by nearly 5%. The company’s revenue hit […]

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