Prediction: Nu Holdings Will Earn More Than $5 Billion in 2027
The banking disruptor has made great strides in turning from unprofitable to profitable in the last few years.
Overview
Banking may seem boring. Not so when you are Nu Holdings (NYSE: NU). The Brazilian bank has taken its country by storm, with over 100 million customers, is growing rapidly in Mexico, and has just announced a launch in the United States.
Despite all this growth, Nu Bank is seeing a rapid profit inflection due to its highly profitable digital banking model. I predict its net income will increase to $5 billion in 2027, making the stock a great buy for the years ahead. Here's why.
Image source: Nu Holdings.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.