2024-05-15 09:31:42 ET
Summary
- With revenue, ROE, and NIM continuing to expand at elevated levels, the growth story remains intact.
- With this earnings release the stock's PE should decrease by approximately $7.81 based on the new diluted EPS and post-market trading price, improving the valuation.
- Although not everything in this release was all sunshine and rainbows, Q1 appeared strong, I am reiterating my high conviction in the stock and going with a strong buy rating.
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NU: Q1 Earnings Reiterate The Growth Momentum