10 Stocks Record Biggest Double-Digit Drop on Friday

4. Nu Holdings Ltd. (NYSE:NU)

Nu Holdings dropped for a fifth straight day on Friday, losing 18.89 percent to finish at $10.82 each as investors shunned news of better earnings performance while focusing on the decline in its net interest margins.

Net income in the fourth quarter of the year expanded by 85 percent to $552.6 million from $298.2 million in the same period last year, while revenues increased by 24 percent to $2.989 billion from $2.404 billion year-on-year.

Net income for the full year more than doubled to $1.972 billion from $983 billion, as revenues increased by 43 percent to $11.5 billion from $8.03 billion.

Net interest margin, however, became a concern after contracting for the second straight quarter, by 17.7 percent, mainly due to foreign exchange volatility and its deposit strategy in Mexico and Colombia.

Nu grew its customer base by 4.5 million in the fourth quarter, bringing its full-year tally to 114.2 million, or an increase of 22 percent year-on-year.