Nu Holdings Ltd. (NYSE: NU) shares are trading higher Wednesday, reversing earlier losses following the release of weaker-than-expected first-quarter financial results.
Nu Holdings Ltd. (NYSE: NU) (“Nu” or the “Company”), one of the largest digital financial services platforms in the world, released its First Quarter 2025 financial results today. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company’s Investor Relations website at www.investors.nu, as well as the details of the Earnings Conference Call Nu will hold today at 6:00 pm Eastern time/7:00 pm Brasilia time.
Digital bank company Nu Holdings (NYSE:NU) could show its continued growth in Latin America when the company reports first-quarter financial results after market close on Tuesday.
Nu, one of the largest digital financial services platforms in the world, announces the expected appointment of former Brazilian Central Bank president Roberto Campos Neto to its Management Team and to the Board of Directors of Nu Holdings, effective on July 1, after completing a six month cooling off period as determined by the Brazilian legislation.
Nu Mexico, a subsidiary of Nubank, announced today the approval of its banking license by the National Banking and Securities Commission (CNBV). With this milestone, Nu has become the first Popular Financial Society (SOFIPO) to obtain approval to transform into a bank, opening the path to increased competition in the Mexican financial sector. This milestone brings the company closer to expanding its product portfolio, including the introduction of a payroll account, a key opportunity to increase financial inclusion in Mexico where only 36% of adults have this financial instrument (National Financial Inclusion Survey, 2024), with 90% concentrated in just four banks.
