NU

Nu Holdings shares plunge 20.5% following Brazil's election despite strong revenue growth. Can its operating momentum offset credit and currency risks?

The shares are down 28% this year.

Over the past six months, Nubank’s shares (currently trading at $12.43) have posted a disappointing 14.2% loss, well below the S&P 500’s 7.5% gain. This might have investors contemplating their next move.

Nu Holdings Ltd. (NU) reached $12.39 at the closing of the latest trading day, reflecting a -1.59% change compared to its last close.

NU and DAVE offer contrasting fintech growth stories, with differences in scale, profitability, valuation and stock performance shaping the investment debate.

Nu Holdings has given early backers a powerful ride over the past few years, yet the stock is currently trading well below its recent highs.

Shares of digital banking platform Nubank (NYSE:NU) fell 20% in the morning session after President Luiz Inácio Lula da Silva secured an unexpected runoff victory over conservative challenger Flávio Bolsonaro, abruptly unwinding weeks of equity gains…

It wasn't because of any developments the fintech reported.

Monness Crespi initiated coverage of Nu with a price target of $20, citing the long-term growth potential of BNPL services and neobanks.

Lula's surprise return to Brazil's presidency blindsided investors who had positioned for the opposite outcome, and the fallout is carving deep losses into some of the most widely held Brazilian names trading in the U.S.

Nu Holdings (NU:NYSE) shares are down about 22% in pre-market trading (around $11. 77) after Luiz Inácio Lula da Silva won Brazil’s presidential runoff on Sunday, beating Flávio Bolsonaro 51.