Why Nu Stock Jumped 10% in October

Lower interest rates are leading to enthusiasm for bank stocks.Shares of Nu Holdings (NU -4.97%) stock gained 10% in October, according to data from S&P Global Market Intelligence. The Brazil-based bank is benefiting from increased investor enthusiasm in the banking sector as interest rates go down.The better bank stockNu is not your typical bank, and some investor optimism is also likely to be in anticipation of an excellent third-quarter earnings report. However, Nu stock has started to fall in November, ...