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PAGS News3 articles
Nu Holdings Rallies 6% Amid Broad Market Rebound, Expansion Costs in Focus
Shares of Brazilian digital bank Nu Holdings climbed almost 6% on Monday, buoyed by a broader market recovery. However, questions persist regarding the expense of its international growth initiatives.
UBS Upgrades Nu Holdings on Brazil Rate Cut and Profit Momentum
Nu Holdings shares advanced after UBS upgraded the stock to Buy, highlighting robust profit growth and improved loan metrics. The move follows Brazil's first interest rate cut in over a year.
Nu Holdings Shares Stagnate Amid Analyst Target Cuts, Global Expansion Plans
Nu Holdings shares were nearly unchanged in early trading as Bank of America reduced its price target, highlighting concerns over operating expenses and loan-loss provisions. The stock remains down sharply for the year despite the company reporting record quarterly profit.