Why Shares of Nu Holdings Are Falling Today
Shares of the Brazilian fintech bank Nu Holdings (NYSE: NU) had fallen close to 13% as of 12:37 p.m. ET Monday for no obvious reason, but as the company prepares to report earnings results after the market closes today.
Backed by Warren Buffett and his company Berkshire Hathaway, Nu is a digital bank disruptor in Latin America that first got its start by offering credit cards with no annual fees. It has since built out a much broader product suite that focuses on making access to financial services easier and less costly, as opposed to traditional Brazilian banks, which are known for charging high fees.
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Source Fool.com
