Nubank — the digital challenger bank that recently became the most valuable bank in Latin America — reportedly is considering moving its legal base to the United Kingdom. The bank's holding company, Nu Holdings, has been working with the British government to make the move, Bloomberg reported Wednesday (Nov. 20), citing unnamed sources.
This Hot Buffett Growth Stock Is Up 64% This Year, and It Can Supercharge Your Portfolio
Warren Buffett Just Sold One of The Best Stocks to Buy Under $15
Don't read too much into Berkshire Hathaway's recent portfolio adjustments.
Nu Holdings NYSE: NU is a Brazilian fintech company that's quickly becoming a major player in the Latin American digital banking space. The company has been making headlines sending Nu Holdings' stock price up over 90% this year, attracting the attention of some of the world's most famous investors, including Warren Buffett and Cathie Wood.
My Favorite Hypergrowth Stock to Buy With $1,000 Right Now
Investors are betting these companies can post strong growth for years to come.
Nu Holdings (NYSE: NU) has captured a significant share of Latin America's unbanked population, growing its customer base from 33.3 million in 2021 to nearly 110 million by the third quarter of 2024.
Nu's Q3 results came in significantly better than expected. So why is the stock falling?
Nu Holdings Ltd. (NYSE:NU ) Q3 2024 Earnings Conference Call November 13, 2024 5:00 PM ET Company Participants Jorg Friedemann - IR Officer David Vélez - Founder, Chairman, and Chief Executive Officer Guilherme Lago - Chief Financial Officer Youssef Lahrech - President and Chief Operating Officer Jag Duggal - Chief Product Officer Conference Call Participants Jorge Kuri - Morgan Stanley Mario Pierry - Bank of America Tito Labarta - Goldman Sachs Geoff Elliott - Autonomous John Coffey - Barclays Neha Agarwala - HSBC Eduardo Rosman - BTG Yuri Fernandes - JP Morgan Henrique Navarro - Santander Pedro Leduc - Itaú William Tang - SIG Operator Good afternoon ladies and gentlemen, welcome to Nu Holdings Conference Call to discuss the results for the Third Quarter of 2024.
The headline numbers for Nu (NU) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.