Nu Holdings

NU

Market cap $67B

Recently, Zacks.com users have been paying close attention to Nu (NU). This makes it worthwhile to examine what the stock has in store.

Nubank has appointed Livia Chanes to the newly created position of chief executive officer for Latin America, according to a Wednesday (July 15) Bloomberg report. Chanes, who has served as the firm's Brazil CEO since 2024, will now oversee regional operations as the company intensifies its international growth strategy.

Nu Holdings Ltd. (NU) concluded the recent trading session at $13.99, signifying a +2.34% move from its prior day's close.

Investors looking for stocks in the Banks - Foreign sector might want to consider either Grupo Financiero Galicia (GGAL) or Nu Holdings Ltd. (NU). But which of these two stocks is more attractive to value investors?

Nu has grown its user base in Mexico sevenfold over the past seven years, and it has just reached break-even. It just got approved for a bank charter in Mexico, which will allow it to offer more products.

Nu Holdings wins approval to operate as a bank in Mexico, unlocking its next growth phase as it serves 15 million customers and targets a vast banking market.

Digital bank Nubank's Mexican operation, Nu Mexico, has received authorization to begin operations as a bank and now has 30 calendar days to complete its transformation into a bank, the company said in a Friday (July 10) press release.

In the closing of the recent trading day, Nu Holdings Ltd. (NU) stood at $13.61, denoting a -3.2% move from the preceding trading day.

Nu Holdings Ltd. remains a buy due to robust growth metrics and a long runway targeting Latin America's unbanked. NU's digital-only model and strong capital structure provide a competitive edge over less efficient Latin American banks, supporting sustained 20%+ earnings growth. NU's valuation has improved: it trades at a 21x P/E and a 0.44 PEG, reflecting high margins and growth potential relative to peers.

Nu is growing fast and expanding into new markets. It had been getting expensive, but it's not anymore.