Nu Holdings Ltd. (NYSE:NU) is one of the top bank stocks to buy now according to analysts.
In the past month alone, Nu Holdings shares have climbed up more than 17%, and analysts see them rising
Wall Street has a consensus Buy rating on Nu Holdings. Nu Holdings Ltd. (NYSE:NU), doing business as Nubank, plans to invest $4.2 billion to grow its business in Mexico over the next four years. The investment plan was announced on July 6 after Nubank executives met with Mexican President Claudia Sheinbaum at the National Palace.
In the first phase of the investment, the bank will focus on expanding its operational capabilities and roll out fresh banking services. The bank plans to deploy $2.5 billion toward capital expenditures. In April, Nubank secured a license that allows it to expand its lending, banking, and deposit products in Mexico.