Nu Holdings Ltd. (NYSE: NU) shares are trading higher on Friday after second-quarter earnings of 13 cents per share in line with estimates, but revenue at $3.66 billion missed expectations. The company’s customer base grew 17% to 122.7 million, with Monthly Average Revenue per Active Customer hitting $12.2, up 18% year-over-year. Goldman Sachs analyst raised price forecast to $20 and remains optimistic about Nu Holdings’ loan growth and asset quality, expecting stable NIMs in Brazil and potential gains in Mexico and Colombia. Funding costs in Brazil are expected to stay stable, while lower deposit rates in Mexico and Colombia, along with product enhancements, could reduce funding costs without significant outflows. Management expects NIMs to improve in Mexico and Colombia in the third quarter of 2025. Labarta kept the 2025 net income forecast at $2.8 billion and expects a stronger average BRL of 5.58. The 2026 estimate remains $4.5 billion, while the 2027 forecast rises 1% to $6.1 billion. NU shares are trading 10.07% higher at $13.22.

Read more at Yahoo Finance: Nu Holdings Powers Ahead As Strong Customer Spend, Margin Gains Drive Outlook