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Analyst
Gustavo Schroden
Period: Reporting periods mapped to calendar 2024 Q4 – 2025 Q4 (5 quarters; questions recorded in 4).
- Questions
- 4on tracked calls
- Challenge rate
- 50%2 of 4 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right. See how we grade analysts on earnings-call questions.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 4 of 4 questions from 1 company
NUNu Holdings Ltd.4 questions · 4 reporting periods · 2 of 4 challenging
Calendar 2025 Q4
I'd like to understand the appetite for payroll loans, I mean, public and private payroll loans
Show response
Lago segmented secured lending into FGTS (hit by regulation), public payroll (bullish on rate-cut-driven portability), and private payroll (optimistic but awaiting better collateral performance).
Calendar 2025 Q3
we reconcile this increase in transfers to Stage 3 with this, let's say, lower risk credit portfolio you are adopting
Show response
Lago attributed the reconciliation to better-than-expected asset quality and materially improved collections engines in Brazil, with similar gains expected in Mexico from Q4.
Calendar 2025 Q1
the debt renegotiation plan that you announced last month, Recomeco
Show response
Schroden pressed on Recomeco's P&L and asset-quality impact and moral hazard; David said it had no Q1 impact, is designed to avoid recidivism, and should be a small Q2 positive, unrelated to PIX financing.
Calendar 2024 Q4
if you do not have concerns about potential adverse selection in this environment.
Show response
Youssef said Nu always underwrites assuming the future is worse than the past, has reflected a worsened Brazil forecast in provisioning, and remains confident through cycles.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| NU Nu Holdings Ltd. | 4 | 50%2 of 4 questions |
- NUNu Holdings Ltd. · 4 questions50%2 of 4 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | 1 | 100%1 of 1 question | 1 |
| 2025 Q2 | No questions recorded | — | — |
| 2025 Q3 | 1 | 100%1 of 1 question | 1 |
| 2025 Q4 | 1 | 0%none of 1 question | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q11 question · challenge rate 100% (1 of 1 question) · 1 company
- 2025 Q2No questions recorded
- 2025 Q31 question · challenge rate 100% (1 of 1 question) · 1 company
- 2025 Q41 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Credit4
- Innovation & R&D1
- Macroeconomic1