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Why Is Nu Holdings Stock Gaining Friday?

Summary

Shares of Nu Holdings climbed during Friday's premarket trading following the release of the company's third-quarter financial results. The fintech firm saw increases in net income and gross revenue, supported by customer growth, rising lending volumes, and regional expansion across Latin America.

Nu Holdings Ltd. (NYSE:NU) stock rose in Friday’s premarket trading after the company reported strong third-quarter results, driven by customer growth, higher lending volumes and expanding operations across Latin America. Net income climbed 31% on an FX-neutral basis to $1.1 billion. Gross revenue increased 37% to $6.3 billion. Earnings of 22 cents per share matched analyst expectations. Revenue reached $5.82…

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