From Nasdaq: 2024-11-09 05:00:00

Nu Holdings (NYSE: NU), the largest digital bank in Latin America, will report third-quarter earnings on Nov. 13. With a 80% year-to-date rally, the stock remains a strong growth opportunity. The company has tripled its customer base to 104.5 million and is expanding rapidly in untapped markets. Nu’s activity rates are rising, and its costs per customer remain low while profits soar.

As the digital bank expands its ecosystem with new services and tools, its stock trades at attractive valuations. Analysts expect robust revenue growth and profitability as Nu continues to scale up. Berkshire Hathaway, led by Warren Buffett, holds a stake in Nu and has not sold any shares. Despite concerns about the Latin American economy, Nu Holdings remains a promising investment opportunity.



Read more at Nasdaq: Here’s Why Nu Holdings Stock Is a Buy Before Nov. 13