Why Nu Holdings Is Rocketing Higher Today

Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) surged higher today after the company reported second-quarter results that beat analysts' top-line consensus estimate. 

The fintech stock was up by 12.1% at 10:32 a.m. ET. 

Nu's sales in the second quarter increased by 232% from the year-ago quarter to $1.2 billion. That easily outpaced Wall Street's consensus estimate of $907.8 million and added to investor enthusiasm for the stock today. 

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Source Fool.com