NYSE:NU - New York Stock Exchange, Inc. - KYG6683N1034 - Common Stock
Nu Holdings is still an undervalued growth stock in this frothy market.
Despite his well-known disdain for cryptocurrencies, the ‘Oracle Of Omaha’ – Warren Buffett‘s Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) has invested in a company that supports the cryptocurrency mar
Don't expect Warren Buffett to predict which stocks in Berkshire Hathaway's portfolio will be the biggest winners in 2025. Nu Holdings (NYSE: NU) would have been one of Buffett's best-performing stocks of 2024 if the year ended in late October. The stock is more attractively valued after the recent sell-off, with shares trading at only 17.5 times forward earnings.
Although Nu Holdings' (NYSE: NU) third-quarter financial results showed strength in key metrics, the market still wasn't pleased with the results. Nu Holdings had its initial public offering (IPO) in December 2021, just after the stock market's bull run had ended and just before the Federal Reserve embarked on an aggressive rate-hiking cycle. In fact, Berkshire Hathaway, the conglomerate headed by legendary capital allocator Warren Buffett, has been a shareholder since the IPO.
Fintech stocks run the gamut from banks that lean into new innovations to technology companies offering financial services. If you've got $1,000 to invest right now and are trying to find one of the best fintech stocks available, there are a few good reasons to consider Nu Holdings (NYSE: NU). Nu Holdings is the parent company of Brazil-based Nubank and offers customers a wide variety of services, including credit cards, checking and savings accounts, investing, crypto, personal loans, and, most recently, cellphone plans.