Why Nu Stock Is Plummeting Today

El Financiero

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Nu Holdings Ltd. lost $12 billion in market value on Friday in its worst recorded session after publishing its fourth quarter profits, which did not meet analysts' estimates.The shares closed with a 19 percent drop, a day after the publication of the results.The sale of shares made it lose the status of Latin America's most valuable listed bank, returning it to Itau Unibanco Holding. Falling from NuNubank's shares, as the company is known, repor…

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Why Nu Stock Is Plummeting Today

Nu (NU -18.89%) stock is seeing big sell-offs in Friday's trading. The fintech company's share price was down 15.2% as of 11:30 a.m. ET and had been down as much as 17.2% earlier in the session. After the market closed yesterday, Nu published its fourth-quarter results. While the company's…

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The bank’s share falls more than 10%, according to analysts, for failing to meet the market’s expectations