Tag: net profit
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Nubank quarterly net profit beats estimates, topping $1 billion for first time
SAO PAULO, Aug 13 : Brazilian digital lender Nubank’s quarterly net profit surpassed $1 billion for the first time, beating analysts’ estimates, and sending shares higher late on Thursday.Nu Holdings posted net profit of $1.06 billion for the April-June quarter, a 49 per cent rise year-on-year on a foreign-ex
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Rabobank to spend €2 billion in AI and tech as net profit stagnates
Aug 4 : Dutch bank Rabobank said it would invest €2 billion ($2.30 billion) over the next three years in data, tech and AI, as banks around the world step up their AI investments.• “Artificial intelligence, data and other new technologies will further transform the way we work. To take full advantage of t
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