.August 14, 2024 04:33:58 AM

In the second quarter of 2024, Nu Holdings Ltd. reported a revenue of $2.85 billion, marking a 52.5% increase from the previous year, although slightly below expectations. Earnings per share (EPS) doubled to $0.12, surpassing consensus estimates. The company’s active customer base surged to 87.2 million, exceeding analyst forecasts and showcasing market expansion. Despite challenges in certain areas, Nu Holdings maintains a positive outlook with a Zacks Rank #2 (Buy), indicating confidence in its future performance and potential for market outperformance. Investors are keeping a close eye on Nu’s growth trajectory in the competitive digital banking sector.