Nu Holdings: Q1 Earnings Reiterate The Growth Momentum


  • With revenue, ROE, and NIM continuing to expand at elevated levels, the growth story remains intact.
  • With this earnings release the stock’s PE should decrease by approximately $7.81 based on the new diluted EPS and post-market trading price, improving the valuation.
  • Although not everything in this release was all sunshine and rainbows, Q1 appeared strong, I am reiterating my high conviction in the stock and going with a strong buy rating.
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Justin Lambert/DigitalVision via Getty Images

Yesterday Nu Holdings (NYSE:NU) announced its Q1 2024 earnings results, and after listening to the earnings call, I reiterate my conviction and rate this company with a strong buy. In this analysis, I will briefly guide you through

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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