Brazilian digital banks Nubank, Inter up after Q2 results

Inter & Co

16/08/2022 16:28

** U.S.-traded shares in Brazilian digital banks Nu Holdings Ltd
 NU.N , Inter & Co Inc  INTR.O  rise after both reported their
second quarter results
    ** Warren Buffett-backed Nubank said total revenue surged
230% in the quarter, while SoftBank-backed Inter posted total
gross revenues up 130%  urn:newsml:reuters.com:*:nL4N2ZR3HP  urn:newsml:reuters.com:*:nASA03LWM
    ** Analysts at BTG Pactual say Nubank's results painted a
good picture overall with "impressive growth pretty much
everywhere you look"
    ** On Inter, Itau BBA analysts say the lender is yet to
report a material bottom line, but that the results showed the
worst has likely passed
    ** "Compared with Nubank, Inter reported less loan book and
revenue growth, but also less credit quality pressures," Itau
BBA says 
    ** Shares in Nubank are up 15% at $5.39 in morning trading
    ** Inter shares rise 10% to $3.85 
    

 (Reporting by Gabriel Araujo; Edited by Steven Grattan)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))