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This emerging telco stock just increased its dividend. One lesser-known digital bank stock is quietly moving higher, even as it escapes the notice of most U.S. investors.
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.
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.
Nu Holdings has nearly doubled since my December 2023 article, and shares are up 80% YTD. The company's hyper-growth trajectory and still undemanding valuation make it a compelling investment opportunity even after the recent rise. Nu showcases extremely attractive unit economics, with low customer acquisition costs, compared to very high lifetime value.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Net income more than doubled in the second quarter. More members are using Nu as their primary banking platform.