Nu Holdings (NU) has released an update.
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Nu Holdings Ltd. has reported a strong second quarter in 2024, with net income more than doubling to $487 million and a significant return on equity of 28%. The company experienced substantial customer growth, adding 5.2 million customers to reach 104.5 million globally. Nu’s successful expansion into Mexico and Colombia has contributed to its growth, with noteworthy deposits in these new markets underpining its position as a leading digital banking platform in Latin America.
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