Nubank may profit more than Itaú in retail this year, says JP Morgan
O lucro do Nubank já equivale a 98% do resultado do Itaú no varejo – e, nesse ritmo, o roxinho pode ultrapassar o concorrente ainda este ano, “o que seria significativo”, disse o JP Morgan. Além de ser mais eficiente, o Nubank consegue extrair um retorno maior sobre os ativos – e por isso lucra […] The post Nubank pode lucrar mais que o Itaú no varejo já este ano, diz JP Morgan appeared first on…
Nubank's profit is close to Itaú's retail profit, representing 98% of Itaú's result, and may surpass it this year, according to JP Morgan. In Q2, Nubank reported a net profit of $1.054 billion, excluding Mexico, while Itaú's retail profit was $1.087 billion. Nubank's efficiency and higher return on assets allow it to achieve similar profits with a smaller asset base.
The bank has 65 million clients with active credit exposure, compared to Itaú's 47 million, but its credit portfolio is smaller, at R$ 137 billion versus Itaú's R$ 614 billion.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
