invest1 distinct publisher
Nubank funds three bank charters out of a $1.1B quarter, with credit cost up 60%
Net income rose 49% to $1.1 billion at a record 33% return on equity while Nubank opened its Mexican bank and pursued charters in Brazil and the US. Cost of credit is up 60% year over year.
Publishers:americanbanker.com
Reality
- Evidence58
- Adoption62
- Hype gap+14
- Incentives72
- Confidence57