Reported 2 days ago
Nu Holdings, a digital bank revolutionizing banking in Brazil, is now trading below $14 after a significant drop from its 52-week high due to credit concerns and a reduction in Berkshire Hathaway's stake. Despite its impressive growth, expanding into Mexico and Colombia, and reaching a customer base of nearly 99 million, the company faces challenges with rising delinquency rates. While its rapid growth offers attractive long-term prospects, potential investors should consider the volatility in its stock price and recent market trends.
Source: YAHOO