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Stock impact report

Nu Holdings (NU) Hits 15 Million Users in Mexico [Yahoo! Finance]

Nu Holdings Ltd. Class A Ordinary Shares (NU) 
Company Research Source: Yahoo! Finance
This milestone makes it one of the three largest financial institutions in Mexico by number of users. According to the report by Nu Holdings Ltd. (NYSE:NU), the customer base in Mexico grew 36% compared to the previous year. In Mexico, the company is following the same success of its operations in Brazil, but at an even faster rate, setting a new standard for the regional financial industry. Nu Holdings (NU) Hits 15 Million Users in Mexico Earlier, on March 22, Morgan Stanley said that Nu Holdings Ltd. (NYSE:NU) is “uniquely positioned” to become one of the biggest and most valuable banking businesses in Latin America. The research firm noted that Nu Holdings Ltd. (NYSE:NU) has “world-class technology, exceptional customer satisfaction, market-leading pricing, and strong unit economics.” Morgan Stanley believes that investors are significantly underestimating the company's ability to grow profitably. According to the firm, Nu Holdings Ltd. (NYSE:NU) could reach a valuation of $ Show less Read more
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