Why Nu Stock Jumped 10% in October [Yahoo! Finance]
Nu Holdings Ltd. (NU)
Company Research
Source: Yahoo! Finance
benefiting from increased investor enthusiasm in the banking sector as interest rates go down. Nu is not your typical bank, and some investor optimism is also likely to be in anticipation of an excellent third-quarter earnings report. However, Nu stock has started to fall in November, which isn't unusual before earnings. Nu stock had hit an all-time high, and that something leads to a light correction. Third-quarter earnings will be released Nov. 13. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Nu is an all-digital bank serving Brazil, Mexico, and Colombia. Although it's relatively young, it has already become one of the most popular banks in Brazil, with 56% of the adult population as members as of the end of the second quarter. That percentage has climbed every quarter and should be higher in the third quarter. The percentage increase in members in Brazil is slowing down, but it's still impressive; customer count
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NU
News
- Nu Holdings' Growth Potential Outweighs Brazilian Economic Woes [Seeking Alpha]Seeking Alpha
- Brazilian Fintech Nubank Considers Domicile Move to UK [Yahoo! Finance Canada]Yahoo! Finance Canada
- Brazilian Fintech Nubank Considers Domicile Move to UK [Yahoo! Finance]Yahoo! Finance
- This Hot Buffett Growth Stock Is Up 64% This Year, and It Can Supercharge Your Portfolio [Yahoo! Finance]Yahoo! Finance
- My Favorite Hypergrowth Stock to Buy With $1,000 Right Now [Yahoo! Finance]Yahoo! Finance
NU
Earnings
- 11/13/24 - Beat
NU
Sec Filings
- 11/15/24 - Form 144
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- NU's page on the SEC website