Shares of Nu Holdings Ltd Class A (NU) are trading 18% higher at a price of $5.52 at the time of this writing. The company is surging past peers in a somewhat upbeat morning for the financial sector. The company reported strong earnings yesterday, particularly a large increase in customers:
-The Brazilian digital banking platform Nu Holdings has added 5.7 million new customers in the second quarter of 2022.
-This growth is attributed to increased customer adoption and portfolio growth.
-Nu Holdings now has 65.3 million people and businesses using its services, which marks a significant increase from the previous quarter.
Nu Holdings Ltd Class A has been trading between a 52-week high of $12.24 and a 52-week low of $3.26 and is trading around the bottom third of that range. The stock has a market cap of $18.3 Billion.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverseβ’:RoaringDoggy69 - 5 upvotes -
sourceBought NU instead of MU. Task failed successfully. π€£
VeterinarianGlobal54 - 5 upvotes -
sourceThose 5 NU 4.5c 12/16 calls are going to pay off bigly. SoftBank now a big investor.
ImpossibleSpace818 - 5 upvotes -
source$NU earnings convinced me that Warren Buffett is the GOAT!
d4v1d87 - 3 upvotes -
sourceNU , LMND, PLTR πππ
ReactionFull3020 - 3 upvotes -
sourceNU calls printing
balmora18 - 3 upvotes -
sourceWTF is with NU its soaring af the market affter already a good close yesterday
wakeandbac0n - 2 upvotes -
sourceNU baby
balmora18 - 2 upvotes -
sourceNU going crazy today![img](emote|t5_2th52|8883)
Fheermiin - 2 upvotes -
source#NU +14% ππππ
sirhcnai - 2 upvotes -
source$NU ladies and gentlemen