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Analyst
Pedro Leduc
Period: Reporting periods mapped to calendar 2025 Q1 – 2026 Q2 (6 quarters; questions recorded in 5).
- Questions
- 5on tracked calls
- Challenge rate
- 0%none of 5 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 5with 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 5 of 5 questions from 1 company
NUNu Holdings Ltd.5 questions · 5 reporting periods · 0 of 5 challenging
Calendar 2026 Q2
I also want on your latest update on how you are on payroll, including private payroll.
Show response
David said private payroll is accelerating month-over-month at a deliberate pace, noting early borrowers were high-risk but the product should add portfolio resilience.
Calendar 2025 Q4
You mentioned that there might be some pressures. I want to see if you can maybe go into detail about it.
Show response
Lago detailed three investment buckets, return-to-office, AI/new technologies, and globalization, driving near-term efficiency-ratio pressure over the next 4 to 6 quarters.
Calendar 2025 Q3
Can you talk a little bit more about how you're seeing this rollout perform on the ground?
Show response
Lago said the CLIP program rolled out ~1/3 each in Q2 and Q3 with the rest in Q4, weighted to lower-risk customers, so full financial effects arrive by mid-to-late 2026.
Calendar 2025 Q2
the number of active credit cards and that has also fallen a bit. And we can see that you're rolling out more limits
Show response
Lago said active cards were roughly flat and future growth will come from ARPAC and utilization, since limit increases targeted existing customers, not new lines; direct.
Calendar 2025 Q1
when do you think you can adjust or stabilize the overall risk adjusted NIMs?
Show response
Leduc asked when risk-adjusted NIM stabilizes; David said roughly three-fourths of the ~130bp Q1 drop was seasonal and the rest reflects Mexico/Colombia deposit investment.
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. | 5 | 0%none of 5 questions |
- NUNu Holdings Ltd. · 5 questions0%none of 5 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 |
|---|---|---|---|
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 1 | 0%none of 1 question | 1 |
| 2025 Q3 | 1 | 0%none of 1 question | 1 |
| 2025 Q4 | 1 | 0%none of 1 question | 1 |
| 2026 Q1 | No questions recorded | — | — |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q21 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q31 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q1No questions recorded
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Credit4
- Product Launch2
- Margin2
- Cost Pressure1
- Demand1