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Nu Holdings Achieves $1.1 Billion in Q2 Net Income and Enters U.S. Market

The Motley Fool +1 ·

NU Nu Holdings Ltd
$15.16 +2.92%
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  1. 1Nu recorded a net income of $1.1 billion in the second quarter.
  2. 2On September 10, Nu launched high-yield savings accounts, credit cards, and multi-currency digital accounts called Nu Global in the United States.
  3. 3CFO Rob Livingston said it will take 12 to 30 months to develop and fine-tune credit and risk models for the U.S. market.

So what's the key point?

Nu Holdings made a profit of $1.1 billion in the second quarter. The company is now expanding its market by launching new financial services in the United States.

Source The Motley Fool +1 · View original ↗

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