Key Points Nu stock took a $6.5 billion hit on Monday after unconfirmed reports had it interested in acquiring a European fintech platform. Monzo offers a shortcut into Europe, tempting for many different reasons, including that Nu's operational excellence is currently delivering 4 times the net margin. Monday's sell-off drops Nu's 2027 earnings multiple from 12 to 11. A cheap fintech stock got only cheaper. 10 stocks we like better than Nu Holdings › Everything seems to make sense, on the surface. Shares of Nu Holdings (NYSE: NU) plummeted 10% on Monday, after Bloomberg reported over the weekend that the Latin American fintech was eyeing a purchase of smaller European fintech Monzo.
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