NU Stock Recent News

The company is now an "AI-first" company after recently acquiring Silicon Valley-based Hyperplane. The company's recently reported second-quarter 2024 earnings show the thesis for investing in Nu Holdings is still on track. The valuation of the stock is still reasonable.

Nu Holdings reported strong Q2 earnings with accelerated growth momentum in KPIs, beating earnings and revenue expectations. The company is outperforming competitors in Mexico and Colombia, expanding its customer base and market share in these countries despite strong neobank competition with more aggressive offerings. Despite political risks, Nu's strong fundamentals and upcoming tailwinds from a banking license in Mexico, and tax reform in Colombia, justify a strong buy rating on the stock.

The Investment Committee gives you their top stocks to watch for the second half.

Nu Holdings is one of the largest digital banks in the world today.

Nu Holdings Ltd. (NYSE:NU ) Q2 2024 Earnings Conference Call August 13, 2024 6:00 PM ET Corporate Participants Jorg Friedemann - IR Officer David Velez - Founder, Chairman, and Chief Executive Officer Guilherme Lago - Chief Financial Officer Youssef Lahrech - President and Chief Operating Officer Conference Call Participants Jorge Kuri - Morgan Stanley Pedro Leduc - Itaú Mario Pierry - Bank of America Geoff Elliott - Autonomous Yuri Fernandez - JPMorgan Tito Labarta - Goldman Sachs Eduardo Rosman - BTG Pactual Thiago Batista - UBS Brian Flores - Citi Craig Moore - FT Partners Operator Good afternoon, ladies and gentlemen, welcome to Nu Holdings Conference Call to discuss the results for the Second Quarter of 2024.

While the top- and bottom-line numbers for Nu (NU) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Nu Holdings Ltd. (NU) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.10 per share.

Nu Holdings (NU) stock price is firing on all cylinders as the company's growth momentum in the Latin American region accelerates. It has jumped by almost 50% this year, beating most fintech companies like PayPal, Block, and Shift4 Payments.

Nu is finding tremendous success serving the banking needs of the Latin American market. While revenue growth is notable, Nu's net income is soaring.

Nu Holdings' (NU) second-quarter 2024 earnings and revenues are likely to increase year over year.