As 2023 draws to a close, let’s take a closer look at how the emerging market scenario has been so far this year and how it is likely to be in 2024.

Nubank's parent company stock has gained over 130% in 2023 on the back of strong earnings growth and improving profitability.

Nu Holdings Ltd. (NU), a Zacks Rank #1 (Strong Buy), is an international provider of digital banking services. NU shares are widely outperforming the market this year with the backing of a leading industry group.

NU bank is one of the world's fastest-growing digital financial platforms and the fifth-largest financial institution in Latin America. NU added 4.6 million customers in Q2'23 and 18.4 million YoY, totaling 83.7 million customers globally by June 30.

Nu Holdings, as it’s officially known, has increased its customer base more than 10-fold to 48 million in under four years. Even banks with decades of experience can make mistakes.