Shares of digital banking platform Nubank (NYSE:NU) jumped 1.9% in the morning session after it received positive analyst commentary and the launch of a new investment product.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Nubank (NYSE:NU) and its peers.
Nubank, one of the world's largest digital financial services platforms, announces its intention to obtain a banking license in Brazil. The inclusion of a banking institution within the conglomerate complies with the provisions of Joint Resolution No. 17, issued by the Central Bank and the National Monetary Council, which standardizes brand name usage for regulated institutions. With this decision, the Nubank brand and visual identity will remain unchanged.
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Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
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