Stoneco (STNE) has released an update.
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StoneCo Ltd. reported robust financial performance in the second quarter of 2024, with significant gains in both revenues and earnings metrics, driven by growth in their financial services and active banking client base. The company’s credit portfolio showed healthy expansion while maintaining strong quality, and efforts in cross-selling to software clients in key verticals have been fruitful. Additionally, StoneCo is advancing towards the completion of a share repurchase program and managing liabilities through a successful tender offer for its bonds.
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