What podcasts say about Evan Hubinger
Every statement, with the speaker, the exact quote and the moment it was said.
What Evan Hubinger has said on podcasts
21 statements · 17 positive · 2 negative · 2 neutral
Nubank has approximately 140 million customers and ranks among the world’s largest digital banks.
“Nubank is a digital bank. It's one of the largest in the world. They have about 140 million customers as of the earnings report yesterday.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 3:27
Nubank’s return on equity is currently in the mid-30% range.
“the ROEs are now, again, as of yesterday, around 30, in the mid-30s or so.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 5:01
Nubank will deepen existing Brazilian customer relationships over the next five years.
“they're going to spend the next five sort of deepening those relationships.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 7:34
Nubank’s Mexico business could eventually become very large, potentially exceeding Brazil’s size.
“Mexico, which I think, correctly so, the market has been extremely skeptical of, although until recently, that business has the potential, in our opinion, to be a similar size, if not bigger than Mexico over time.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 7:51
Nubank and Capital One share a business model centered on data science.
“The parallels between the two companies are really, as I say, the focus on data science.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 10:34
Brazil’s banking system generates roughly $100 billion in gross profit, with Nubank at about 7%.
“The profit pool generally in Brazil is about $100 billion of gross profit in the banking system. And today, new banks are at like 7% of that.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 13:51
Nubank has substantial growth opportunities in Brazil and its other countries.
“our argument is that there's not only in Brazil, the other countries where they're just getting started, there's tremendous opportunity.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 15:01
David Vélez’s control of Nubank supports confidence in its culture and future growth.
“him still being in his mid 40s and controlling the company and making sure that culture and growth is intact gives us tremendous comfort and optimism going forward.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 15:25
Nubank could earn approximately $2 per share by 2029 or 2030.
“We think the company can make about $2 in earnings.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 18:21
A roughly 16-times earnings multiple is fair for Nubank.
“we use roughly 16 times multiple, which I think is fair.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 18:25
Nubank can underprice Brazilian legacy banks because of its greater efficiency.
“what that allows them to do is underprice, not on every product, but as it relates to the private. legacy banks in Brazil, they're able to underprice them because of that efficiency.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 25:52
Brazilian banking-system nonperforming loans are at a 15-year high.
“the plus 90 day NPLs in the banking system are at 15 year highs.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 27:01
The average Brazilian banking customer is heavily indebted.
“the average customer in Brazil is heavily indebted.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 27:16
Vanshap’s Nubank valuation excludes the United States business.
“We don't count the U.S.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 28:45
Nubank’s revenue per active customer is forecast to rise from about 17 to the high 20s.
“We have that going from roughly 17 up to, I believe, in the high 20s.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 29:47
Nubank plans to cap United States investment at 100 basis points of efficiency ratio for several years.
“they're going to cap the investment for the next few years at 100 basis points. the efficiency ratio.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 32:35
Digital banks should eventually become the entire banking system.
“over time, they should be the whole thing.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 34:09
David Vélez’s control and shareholder treatment strengthen the Nubank investment case.
“I think not only because of its control of the company, but... The way he treats shareholders”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 37:58
AI handles at least 60% of Nubank customer inquiries.
“something like 60% or more now of the customer inquiries are handled by AI.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 41:31
Nubank is likely to remain the most efficient provider and offer the lowest financial-product rates.
“No one is going to be more efficient than new bank in, in the efficiency and therefore being able to, to your point about the credit cards that, you know, 1% lower, they should be able to offer the most efficient rate”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 45:42
Nubank’s U.S. expansion could reach five to ten million customers over time.
“over time targeting five to 10 million customers would be a good scenario.”
Open the episode · $NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap CapitalListen at 50:36
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.