Is Nu Holdings Stock a Buy?
Investors might be looking at the financial services industry for potential buying opportunities. There is no shortage of companies to choose from, ranging from the massive banks and card networks to the smaller finance firms carving out their own special niches in the sector.
Perhaps it's a good idea to look outside of the U.S. at a business called Nu Holdings (NYSE: NU). Its shares have soared 72% this year alone (as of Sept. 4). But is this budding Latin American fintech stock a smart buy right now?
According to its management team, Nu is the largest digital banking platform outside of Asia. It offers various financial services products, like checking accounts, a brokerage platform, credit cards, and insurance, all via its mobile app. Nu has a big presence in Brazil, its home market, as well as Mexico and Colombia.
Source Fool.com
