Why Nu Stock Gained 21% in August

Shares of Nu Holdings (NYSE: NU) jumped by 21% in August, according to data provided by S&P Global Market Intelligence. The parent of Brazil-based NuBank reported strong second-quarter results, and it may be expanding into new markets.Image source: Getty Images.Nu is a digital bank operating in Brazil, Mexico, and Colombia. It provides easy-to-use banking services for mass-market consumers, but it recently started expanding its target customer base to include a more affluent clientele as well. It added 4.1 million new customers in the second quarter, bringing its total to 122.7 million, an 18% increase year over year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool