Nu Holdings Ltd. Class A (NU) has released an update.
Nu Holdings Ltd. has announced robust first quarter financial results for 2024, with a notable customer base growth to over 100 million, revenue increase to $2.7 billion, and a surge in net income to $379 million. The company, a leading digital banking platform in Latin America, has also seen significant growth in its operations across Brazil, Mexico, and Colombia, outpacing traditional banks in various key performance indicators. These achievements underscore Nu’s efficient business model and its strategic expansion in the digital financial services sector.
For further insights into NU stock, check out TipRanks’ Stock Analysis page.
