Nu Holdings

Santander$SAN (-0,33 %) launched Openbank, its digital bank, in Mexico on Tuesday. This new platform offers a 12.5% annual return on savings accounts and is aimed at unbanked customers as well as users who are dissatisfied with traditional banks. Given the success of fintechs such as Nubank $NU (+0,7 %) which have grown strongly in Mexico, Openbank sees great potential in the market. The digital bank is already established in Europe and plans to further expand its services in the coming months. Openbank aims to become a trusted option for Mexican customers looking for innovative products.

Ken Fisher buys into Brazil's financial powerhouse NuBank. $NU (+0,7 %)

Star investor Ken Fisher is one of the most high-profile investors in the world. He is regularly featured in the stock market media and his books have achieved cult status. His investment style was decisively influenced by his father, investment legend Philip. A. Fisher, who even influenced stock market legends such as Charlie Munger and Warren Buffett. Philip A. Fisher was not a pure value investor, but combined the advantages of value investing and growth investing in his investment strategy. Today, this style would be called GARP, growth at a reasonable price.

But Buffett's success with Nu Holdings is hardly the driving force behind Ken Fisher's new investment in Brazil's banking powerhouse. It is more likely to be the ongoing operational successes. Nu Holdings increased its revenue by 37.4% year-on-year to USD 2.94 billion in the third quarter of 2024, but fell just short of market expectations. However, adjusted earnings per share were higher at USD 0.11.

Overall, the company almost doubled its adjusted net income year-on-year to USD 553 million. This was largely due to the 63 % increase in interest income, which is primarily the result of significantly higher customer deposits. Adjusted for currency effects, these climbed by 60% to USD 28.3 billion.

https://www.wallstreet-online.de/nachricht/18731993-kissigs-portfoliocheck-ken-fisher-kauft-brasiliens-finanz-powerhouse-nubank

Nu Holding $NU (+0,7 %) Top 📈🚀 or flop 📉

I had originally planned to invest in the shares of Nu Holdings Ltd (NU).

Strong growth and good figures had convinced me at first, but I have the feeling that I have seen the other side of the 🥇.

Despite more impressive figures, I have now decided against an investment. After doing more detailed research on the internet, I found numerous negative comments from end users. Frequent points of criticism concerned customer support, technical problems with the app and difficulties in processing transactions. These reviews ultimately convinced me that the company may have structural problems that could have a negative impact on its market position in the long term.

I am particularly interested in your opinion of the company.

A small insight into the problems:

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#TechTrends
#Zukunftsinvestment
#Börse
#Wachstumsaktien

Nubank introduces cryptocurrency swap tool. $NU (+0,7 %)

Nubank has introduced a cryptocurrency swap tool in its app that allows customers who own cryptocurrencies to swap Bitcoin, Ethereum, Solana or Uniswap for USDC and vice versa.

According to the announcement, this new functionality, integrated into the Nubank Cripto platform, simplifies currency exchange by enabling direct swaps. This feature, commonly referred to as a "swap" in the crypto market, offers lower fees compared to traditional buying and selling with fiat currencies. Nubank is expected to gradually roll out this option to its customers within a few weeks. It can be accessed via the cryptocurrency section of the app by selecting the "Trocar" (swap) button on the home screen. More token pair exchanges are planned for future updates.

https://thepaypers.com/cryptocurrencies/nubank-launches-cryptocurrency-swap-tool--1271020

Welcome to my portfolio, savings plan has also been started. Nu Holdings is my third individual share in the portfolio alongside Alphabet and Hims&hers. By far my largest position remains the $CSPX (+0 %)

First tranche and new savings plan!

Salve a tutti,

I took advantage of today's small drop in the share price to welcome a new position in my portfolio: I'm talking about the Brazilian fintech darling NU! ($NU (+0,7 %))

In addition to the strong growth prospects, the main reason for the purchase is to establish a greater weighting of Latin America in my portfolio. After all, the US share is very high in most ETFs and I see European stocks as increasingly risky in the coming years (mainly due to Donald Trump).

If the share price falls further, I plan to add to it - after all, the share is now in a buy & hold portfolio! :)

Have a nice evening!

$NU (+0,7 %) Where would you set a stop-loss?

Nu Holdings Ltd. increases profit in Q3 and exceeds expectations. $NU (+0,7 %)

Nu Holdings Ltd (NU) has announced third quarter earnings that are higher than last year and beat Wall Street estimates.

The company's profit amounted to 553.39 million dollars or 0.1132 dollars per share. In the third quarter of the previous year, the figure was 303.04 million dollars or 0.0624 dollars per share.

Analysts on average had expected earnings of 0.11 dollars per share, according to figures compiled by Thomson Reuters. Analysts' estimates generally exclude special items.

The company's sales rose by 37.8% to 2.943 billion dollars in the quarter compared to 2.136 billion dollars in the previous year.

Nu Holdings Ltd. earnings at a glance (GAAP):

-Profit (Q3): $553.39 million vs. $303.04 million a year ago. -EPS (Q3): $0.1132 vs. $0.0624 in the prior year. -Revenue (Q3): $2.943 billion compared to $2.136 billion in the previous year.

What a week! This week alone, my portfolio has invested almost 129.000€ this week alone. >> How much has your portfolio gained this week?

#performance
#portfolio
#depot
#trump
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