NU Stock Recent News
NU LATEST HEADLINES
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.
Investors interested in stocks from the Banks - Foreign sector have probably already heard of Shinhan Financial (SHG) and Nu Holdings Ltd. (NU). But which of these two companies is the best option for those looking for undervalued stocks?
Nu Holdings delivered strong 2024 results, with a 43% revenue growth and a net income of $1.97B, nearly doubling 2023's performance. The company's high ROE of 32% and efficient operations reflect strong profitability and capital utilization. Nu's customer base exceeded 114 million, with impressive expansion in Brazil, Mexico, and Colombia, reinforcing its leadership in Latin America's fintech sector.
The market's starting to claw its way back up, but things are looking iffy, and they've been changing on a moment's notice.
Nu Holdings Ltd. (NU) concluded the recent trading session at $12.14, signifying a +1.08% move from its prior day's close.
Brazilian fintech Nubank said on Thursday that its Mexico arm received regulatory approval from the Mexican National Banking and Securities Commission to begin the process of becoming a full-service bank.
MEXICO CITY--(BUSINESS WIRE)--Nu Mexico, a subsidiary of Nubank, announced today the approval of its banking license by the National Banking and Securities Commission (CNBV). With this milestone, Nu has become the first Popular Financial Society (SOFIPO) to obtain approval to transform into a bank, opening the path to increased competition in the Mexican financial sector. This milestone brings the company closer to expanding its product portfolio, including the introduction of a payroll account.
While Nu Holdings Ltd. NU directly disrupts traditional financial services as a digital bank, Palantir Technologies Inc. PLTR provides the underlying data analytics and AI infrastructure that can empower such disruption.They are technology-driven disruptors in the broader fintech and data ecosystem, targeting inefficiencies in traditional financial services.
Nu Holdings, a leading digital financial services platform in Latin America, is trading at attractive levels with significant growth potential in existing and new markets. Despite temporary setbacks in Q4 2024, including FX headwinds and a sequential ARPAC decline, the underlying business remains strong with healthy customer growth and stable credit risk metrics. FX headwinds are subsiding, potentially boosting reported growth rates.
Investors who allocate capital to the financial services space will likely be familiar with industry heavyweights such as JPMorgan Chase , Bank of America , Visa , Mastercard , and Charles Schwab . I'm sure younger and digitally native companies such as Robinhood Markets and SoFi Technologies come to mind as well.