Nu Holdings stock slips as Nubank’s U.S. push keeps cost fears alive
Shares of Nu Holdings, Nubank’s parent company, fell 0.75% to $14.47 in afternoon New York trading on Monday. Earlier in the session, the stock hit a low of $14.12. Nu’s latest quarter showed net profit jumping 50% to $894.8 million, with revenue up 45% to $4.86 billion. Still, the stock dropped 5.5% after hours on results day, as analysts zeroed in on expenses and the company’s credit performance. The numbers looked solid, but fresh questions lingered.
