These two digital banking businesses are finding outsize success.
Nu has successfully challenged the traditional banking industry within Brazil. Now that it's captured market share there, it's just getting started in newer regions.
Nu Holdings Ltd. (NU) closed the most recent trading day at $13.87, moving +0.34% from the previous trading session.
Nu Holdings is the parent company of Nubank, a fast growing branchless bank with a presence in three Latin American countries. Nu delivered accelerating revenue growth with profitability growing twice as fast in its latest financial update.
We've been bullish on Nu Holdings since the start of the year, and shares are up significantly in that time. The company's Q2 report has only solidified our thesis. NU's digital banking model in Brazil, Colombia, and Mexico has driven efficient client growth and high margins, positioning it well for future expansion. Shares of NU are reasonably priced at 6x FWD sales.
The latest trading day saw Nu Holdings Ltd. (NU) settling at $14.80, representing a -0.34% change from its previous close.
The Federal Reserve's long-awaited interest rate decision came in with the first cut in four years ; 50 basis points.
Nu (NU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
As NU continues its upward trend, investors evaluate whether now is the right time to invest in the stock. Here???s what you need to know.
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Net income more than doubled in the second quarter. More members are using Nu as their primary banking platform.