Why Nu Stock Gained 21% in August

Profits were up in the digital bank's recently reported second quarter, and growth opportunities abound.Shares of Nu Holdings (NU 0.44%) jumped by 21% in August, according to data provided by S&P Global Market Intelligence. The parent of Brazil-based NuBank reported strong second-quarter results, and it may be expanding into new markets. Simplifying the banking experienceNu is a digital bank operating in Brazil, Mexico, and Colombia. It provides easy-to-use banking services for mass-market consumers, but it ...