Why Nu Holdings Stock Jumped 13% Today

Nu Holdings surged 13% after beating Q2 earnings expectations with 50% revenue growth to $5.51B and 66% earnings growth to $0.22 per share. The company added 4 million customers, reaching 139 million total, with strong growth in Mexico (31.7%) and Colombia (55.9%). Mexico's banking license approval positions Nubank as the largest digital bank there. Management outlined a 12-30 month timeline for U.S. credit capabilities launch.