Jim Cramer on Nu Holdings: “If You Want an International Bank, Let’s Not Forget It’s Santander”

I think, look, I liked NU from erstwhile it came public. I deliberation it’s okay. It’s a small to me, I don’t know, I don’t similar a slope that has that large a price-to-earnings multiple, adjacent if they are a precise forward-looking bank. And by the way, if you privation an planetary bank, let’s not hide it’s Santander.

Photo by Artem Podrez connected Pexels

Nu Holdings Ltd. (NYSE:NU) operates a integer banking level that covers respective fiscal needs similar recognition cards, idiosyncratic and concern accounts, and concern options. A caller asked astir the banal during the January 24, 2025, episode, and Cramer replied:

You cognize this is simply a FinTech company, and it’s a truly hard company… It’s precise expensive. I really would similar I, I similar SoFi, which reports connected Monday morning.

It is worthy noting that since the supra remark was aired, the company’s banal has gained implicit 46%.

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