New York, June 21, 2026, 16:03 EDT
- Nu shares finished Thursday at $12.71, off 1.4% for the session. They’re still up roughly 4.3% since last Friday.
- U.S. markets stayed shut Friday for Juneteenth. That left this week as a four-day run for growth and fintech stocks.
- Investors are looking at a $1 billion buyback and fast customer growth, as new worries about margins, credit quality and a CFO handover rise.
Nu Holdings Ltd. will try to hold onto gains Monday after the stock slipped 1.4% to $12.71 on Thursday. The NYSE-listed shares of the Brazilian digital bank still finished about 4.3% higher than their June 12 close. U.S. markets were shut Friday for Juneteenth, so Thursday’s finish was the last regular-session price.
Nu jumped 13.5% from its June 3 low of $11.20, closing well above that mark, but shares are still trading about a third under the 52-week high of $18.98 from Jan. 29. The bounce stands out after a tough start to June, but the bigger drop hasn’t been undone.
S&P 500 gained 0.93% on the week, Reuters said, and the Nasdaq climbed 2.43% as chip stocks pushed the market higher before the break. “The reason for the optimism was Trump and the president of Iran signed the memorandum and oil prices fell,” said Peter Cardillo, chief market economist at Spartan Capital Securities. Reuters
Nu is getting a lift from its new share buyback plan. The board signed off on up to $1 billion in Class A share purchases over the next 12 months, beginning June 4. The company said it’s keeping growth investments and capital for regulatory needs funded in Brazil, Mexico, Colombia and the United States.
Nu is still seeing big growth. The bank reported over 135 million customers, first-quarter revenue topping $5 billion, net income of $871 million, and return on equity at 29%. Founder and CEO David Vélez said Nu was “rebuilding banking around AI” and that expansion in credit is aimed at “grow limits with resilience, not just speed.” But its 15-to-90-day non-performing loan ratio climbed to 5.0%. Risk-adjusted net interest margin dropped to 9.5%. Nu International
Management is shifting too. Rob Livingston will step in as chief financial officer on July 13, according to a June filing. He replaces Guilherme Lago, who is set to become a special adviser and stay on for the transition until Aug. 31. The company said this change doesn’t affect its operating model, risk appetite or long-term plans.
The risks are on the table. BofA Securities downgraded Nu to Underperform from Neutral and slashed its price target to $10 from $16. The note cites questions about the CFO change. Susquehanna took the stock down to Neutral from Positive, citing margin pressure and another spending cycle as Nu ramps up credit cards, unsecured lending and looks abroad.
Peer action was split. PagSeguro Digital slipped 1.1% on Thursday, StoneCo dropped 1.7%. MercadoLibre—owner of fintech arm Mercado Pago—added 0.1%. Nu is not acting like a wider growth name now, trading closer to other LatAm fintechs where investors focus on credit and operational delivery.
Markets open without leftovers this week, with Nasdaq trading its normal 9:30 a.m. to 4:00 p.m. Eastern after the Juneteenth break. Monday marks the first full day back. Nu’s volume on Thursday hit 66.81 million, just above the 65.21 million average from Google Finance. The focus now is on whether real buying comes in, rather than just position covering, following the slide earlier in June.
Nu isn’t a clear growth play or a pure momentum trade at this point. The buyback puts a floor under the stock, but credit figures and recent analyst downgrades make that support look shaky. The action on Monday will show where the louder orders are.
