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Nu Holdings Ltd. (NYSE: NU) has applied for a national bank license in the US, aiming to expand beyond its regional platform to a global model. The application process may take at least 12 months, but the move could enhance Nu's scale and profitability, broaden its revenue base, and tap into the Latin American diaspora in the US. Analysts forecast 43% earnings growth in the next 12 months, justifying the company's premium valuation. Nu stock is up 28% in 2025 and trades near its 52-week high, suggesting other reasons for analysts' positive views.

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