William Antonietti @wantonietti: "$NU reaches 112 million..."

Mexico

$NU (Nu Holdings Ltd.) reaches 112 million customers, surpasses $BBD (Banco Bradesco ADR) , and becomes the 2nd largest bank in Brazil ➡️The Central Bank of Brazil published the ranking of complaints and customer numbers for different banks in the country. ➡️Nubank reached 112 million customers, becoming the second largest bank in the country, only behind Caixa with 158.1 million. ➡️It surpassed traditional banks like Itaú $ITUB (Itau Unibanco Holding ADR) and Banco do Brasil. Since 2022, Nubank has been growing exponentially, maintaining its position among the top five in the ranking. ➡️Its ADR is up almost 4% today and is just 5% away from reaching all-time highs. Nubank, a gem of a company, generates a ROE of 31%, higher than that of traditional banks like Itaú (23%) or Bradesco (~15-18%). Active customers grow ~15-20% annually (from ~100M in 2024 to 112M in 2026). Net revenue: +39% YoY. EPS: +46% projected. All in Brazil, Mexico, and Colombia only. $IBZL.L (iShares MSCI Brazil UCITS ETF (Dist)) $NSDQ100