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Prediction: Nu Holdings Will Earn More Than $5 Billion in 2027
By newsfeedback@fool.com (Brett Schafer)
Read original article on Motley FoolBanking may seem boring. Not so when you are Nu Holdings (NYSE: NU). The Brazilian bank has taken its country by storm, with over 100 million customers, is growing rapidly in Mexico, and has just announced a launch in the United States.
Despite all this growth, Nu Bank is seeing a rapid profit inflection due to its highly profitable digital banking model. I predict its net income will increase to $5 billion in 2027, making the stock a great buy for the years ahead. Here's why.
Image source: Nu Holdings.
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