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Stock impact report

Is Nu Holdings Stock a Buy Now? [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
The stock's current valuation stacks the odds in favor of investors. 10 stocks we like better than Nu Holdings › Even though it has a huge market cap of $84 billion, Nu Holdings (NYSE: NU) might be a business that most investors in the U.S. have never heard of. That's because the innovative financial services enterprise only has a presence in Latin America. But don't let that discourage you from taking a closer look for your own portfolio's sake. Is this flourishing fintech stock a buy now? A large percentage of the population in Latin America was, and continues to be, unbanked and underbanked. This means they don't have easy access to basic checking and savings accounts or credit. Nu spotted a lucrative opportunity to serve these people. The timing was impeccable as well. The business was founded in 2013, so it benefited from improving internet connectivity and greater smartphone penetration. As a digital bank, this laid the foundation for Nu's success. As you can imagin Show less Read more
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