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I am convinced: Nu Holdings has not only reached a milestone in the second quarter but has also laid the foundation for further upside. For the first time since its founding in 2013, the neobank surpassed the profitability threshold of 1 billion USD – the net profit soared by 49% to 1.06 billion USD, and revenue increased by 39% to 5.9 billion USD, exceeding every single analyst estimate. What really gives me confidence is the quality of this growth: The risk-adjusted net interest margin skyrocketed to a record value of 12.4% (up from 9.9%...
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