Nu Holdings: Seasonality Creates Entry Opportunity
Nu Holdings Ltd. reported strong Q1 results, with significant year-over-year increases in revenue and net income. However, the company's shares fell by 8% due to concerns about rising non-performing loans and increased operational costs. The author believes these issues are primarily seasonal and has rated NU as a 'Strong Buy' with a revised fair value estimate.
- ▪Nu Holdings Ltd. reported a revenue increase of 57.6% year-over-year.
- ▪Net income also rose by 56.4% compared to the previous year.
- ▪Despite strong results, shares dropped 8% due to concerns over rising non-performing loans and increased costs.
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