Should You Buy Nu While It's Below $12?

Investors who allocate capital to the financial services space will likely be familiar with industry heavyweights such as JPMorgan Chase, Bank of America, Visa, Mastercard, and Charles Schwab. I'm sure younger and digitally native companies such as Robinhood Markets and SoFi Technologies come to mind as well.However, you might not know about Nu Holdings (NYSE: NU), a fintech enterprise that's making a splash in Latin America. It has already grown into a sizable business, with a market cap of $55 billion. And with shares currently 31% off their peak and trading for less than $12, it deserves a closer look. Nu shares are volatile, but investors shouldn't let that distract them from the quality of the underlying business, which continues to fire on all cylinders. Growth is the most important variable to focus on.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool