Nu Holdings beats Q1 expectations with strong revenue and income growth despite share drop.

Nu Holdings Ltd. reported Q1 results with revenue up 57.6% and net income up 56.4% year-over-year, surpassing expectations. However, its shares fell 8% due to concerns about rising non-performing loans, higher service costs, and deposit fluctuations in Mexico. The management views these issues as temporary or strategic and is actively managing credit risk and funding. With a revised fair value of $15.43 and a 15% margin of safety, the stock is rated a 'Strong Buy' based on its growth potential and opportunities in the Mexican market.