SAO PAULO, July 3, 2026, 13:04 BRT
- Nu won’t trade in the U.S. on Friday because of the Independence Day holiday. The stock last closed at $13.61 on Thursday.
- Nu’s $1 billion buyback is roughly 1.5% of its recent market cap, and represents about 36% of this week’s U.S. dollar volume in the shares.
- Needham put out a buy call on June 26 that moved the tape, but after the bounce, the $17 target is only about 25% higher from here.
Nu Holdings Ltd. NYSE:NU comes into Monday trading with the board-approved $1 billion buyback in focus, as investors weigh if the move means much while daily turnover easily tops that figure over a handful of sessions. The New York Stock Exchange’s website shows July 3 as the observed holiday for Independence Day in 2026, so Thursday’s close is the last U.S. print for NU before markets reopen after the break next week.
Nu finished Thursday up 1.64% at $13.61, trading about 55.85 million shares. The company’s market cap was roughly $65.1 billion.
| Date | Close | Change | Volume |
|---|---|---|---|
| Jun. 26 | $13.17 | up 5.70% | 54.75 mln |
| Jun. 29 | $13.13 | down 0.30% | 35.87 mln |
| Jun. 30 | $13.36 | gained 1.75% | 45.58 mln |
| Jul. 1 | $13.39 | rose 0.22% | 70.71 mln |
| Jul. 2 | $13.61 | added 1.64% | 55.85 mln |
From June 26 to July 2, about 262.8 million shares changed hands, for a total near $3.51 billion at closing prices. This week’s four U.S. sessions alone saw around $2.79 billion traded in the stock. Daily closes, moves and volumes are in Investing.com’s records.
Nu’s board has cleared a buyback of up to $1 billion in Class A shares over the next year starting June 4, but there’s no set amount they have to purchase, and the plan can be paused or adjusted. At the current market price, that’s roughly 1.5% of Nu’s total value. It also works out to about 36% of this week’s U.S. dollar trading volume.
The buyback gives the stock some support on slow days. But it’s not enough to resolve questions about credit costs, margins, or how fast the bank can grow outside Brazil.
| Gauge | Latest move cited | Read-through for Nu |
|---|---|---|
| Nu Holdings NYSE:NU | Added 1.64% on Jul. 2 | Bounce tied to the name |
| S&P 500 | Held steady on Jul. 2 | Wider market gave no boost |
| Nasdaq Composite | Fell 0.80% on Jul. 2 | Tech weakness not a hurdle for Nu |
| Ibovespa | Up 0.64% Jul. 2; up 0.74% Jul. 3 print | Brazil risk still solid |
S&P 500 barely moved Thursday, AP said, while the Nasdaq slipped 0.8%. Bovespa’s data put Brazil’s main index up 0.64% for July 2, then higher again on July 3.
Needham’s Kyle Peterson started coverage June 26 with a buy and set a $17 target, saying that implied upside of about 36% from $12.46 at the time. After Thursday’s close, that $17 target now means about 25% potential upside.
Nu’s credit quality is bumpier. In May, the company reported its 15-90 day non-performing loan ratio climbed 89 basis points to 5.0% for Q1. Loans past due more than 90 days slipped 10 basis points to 6.5%. Risk-adjusted net interest margin narrowed to 9.5% from 10.5%. CEO David Vélez said Nu is “rebuilding banking around AI” and leaning on models to “grow limits with resilience, not just speed.” Nu International
Nu said its customer base hit over 135 million by the end of March, with Brazil making up more than 115 million and Mexico more than 15 million. The company reported that its Mexican business broke even in the first quarter.
This week traders are watching if volume stays high after the holiday and if the stock can keep above $12.46, the price from before Needham. Rob Livingston, who used to be at Visa Inc. NYSE:V, is confirmed to start as CFO on July 13. David Velez called Livingston “the right person,” and Livingston said one focus will be “optimizing capital allocation.” Nu International
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