September 24, 2022
Nubank and Banco Inter release quarterly results

Nubank and Banco Inter release quarterly results

Despite frequent criticism from its customers, nubank it’s the Interbank In the main menu Banks Digital country. And this week, the two companies released their latest quarterly results, with numbers that might surprise you. After the disclosure, both companies’ share prices rose, but analysts are not too enthusiastic. Want to know more? Check it out below.

Nubank and Banco Inter release quarterly results

Thus, as reported, both nubank how much Interbank They did well in their quarter, as their stock performed very positively after the announcement. In the case of Nubank, around 1 pm last Tuesday (16), shares were up 16% in Nyse. Banco Inter shares rose 8% on the Nasdaq.

The point is that even with the seemingly exciting scenario, analysts don’t share all this positivity toward companies. Of course, the two managed to record significant increases in revenue. Nubank, including, with a 200% increase in total annual net revenue, while Banco Inter was up 88%, also represented.

The problem, on the other hand, is that the two digital banks have a common problem: high default rates. In the case of Nobank, this rate rose 0.6 percentage points to 4.1% of the customer base in this case. At Banco Inter, the increase was slightly lower, 0.2 percentage points, which takes the institution to 3.4% of total defaults.

Although it seemed like a slight increase, it was a negative surprise for Nubank and also for Banco Inter. By the way, the latter should have a larger increase in deviation between the third and fourth trimesters, according to the forecast.

Anyway, do you want to stay informed of everything that is happening in the financial world?

So follow us YouTube channel And on our social networks, like FacebookAnd the TwitterAnd the Twitch And the Instagram. So, you will track everything Banks Digital credit cardsAnd the loansAnd the financial technology and topics related to the world of finance.