Nu Holdings (NU) has released an update.
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Nu Holdings Ltd. has shown a significant increase in financial performance with total revenue for the nine-month period ending September 2024 reaching $8.5 billion, up from $5.6 billion in the same period last year. The company’s gross profit also rose to $3.9 billion, driven by higher interest income and gains from financial instruments. Despite increased operating expenses, the profit before income taxes nearly doubled, reflecting strong financial growth.
For further insights into NU stock, check out TipRanks’ Stock Analysis page.