|Bid||4.1200 x N/A|
|Ask||4.2200 x N/A|
|Day's range||4.1000 - 4.1000|
|52-week range||3.1200 - 10.3000|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
By many accounts, the Brazilian digital bank Nu Holdings (NYSE: NU) has been a tremendous success story in Brazil. While continuing to build on its core Brazil business, management at Nu has also begun to expand to other parts of Latin America such as Mexico and Colombia. Can the bank replicate the success it's had in Brazil in these new markets?
The financial super app SoFi Technologies (NASDAQ: SOFI) and the Brazilian digital bank Nu Holdings (NYSE: NU) have been two of the most highly anticipated and most-watched fintech companies to hit the public markets in recent years. Both initially saw fast growth in their respective markets. After going public through a special purpose acquisition company (SPAC) in 2021, SoFi rose to a huge valuation like many tech stocks before falling more than 70% this year amid high inflation and rising interest rates.
One of the key ways to assess profitability at the company is by looking at the monthly average revenue per active customer (ARPAC), which the company updates quarterly. In Q3, ARPAC grew from $7.60 to $7.90, well below some of the large banks that have monthly ARPACs ranging from $33 to $54. Nu may never reach an ARPAC in the higher end of this range because the company's business model is predicated on lower-fee banking products.