Could Buying Nu Holdings Stock Today Set You Up for Life?

A life-changing investment typically doesn't happen overnight, but rather after years of continued excellence. It takes an exceptional company with a long runway for growth. Nu Holdings (NYSE: NU) could be one of those stocks. The company provides banking and lending services to consumers and businesses throughout Brazil, Mexico, and Colombia.These countries are emerging markets with growing economies. Many people there still use cash to pay for most things and lack access to modern credit cards, loans, investing services, and even checking and savings accounts. It's a compelling investment narrative, but do the numbers back it up?Nu Holdings is posting eye-popping growth. The company's trailing-12-month revenue was about $1.2 billion in 2022 and has exploded to over $7.8 billion as of Q3 2024. Understanding the two factors driving this growth is key to determining whether it will continue.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool