SAO PAULO, July 5, 2026, 14:15 BRT
- Nu Holdings Ltd. NYSE:NU added 3.3% over the four-session U.S. week to close at $13.61.
- The $1 billion buyback now covers about 73.5 million shares at the last close, fewer than the 83.5 million at the June 5 close.
- Credit quality and the finance handoff coming up on July 13 are the next things investors will watch after weeks of analyst downgrades and a bounce during the holiday week.
Nu Holdings Ltd. NYSE:NU heads into the next U.S. session with its price support now higher than when the board approved the $1 billion buyback.
U.S. markets were closed Friday for Independence Day. The NYSE’s 2026 calendar lists July 3 as a holiday, so Nu’s last close was July 2 heading into the weekend.
Nu gained 3.3% from June 26 to July 2, topping SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and SPDR S&P Bank ETF (NYSEARCA:KBE) in that period. Trading picked up: NU saw 126.6 million shares moved in the last two sessions, making up 61% of volume for the last four sessions.
| Asset | Ticker | Jun. 26 close | Jul. 2 close | Short-week move |
|---|---|---|---|---|
| Nu Holdings Ltd. | NYSE:NU | $13.17 | $13.61 | up 3.3% |
| SPDR S&P 500 ETF Trust | NYSEARCA:SPY | $728.99 | $744.78 | rose 2.2% |
| SPDR S&P Bank ETF | NYSEARCA:KBE | $68.42 | $68.62 | added 0.3% |
Buybacks change the investor math when prices move. On June 4, Nu said its board cleared up to $1.0 billion in Class A ordinary share repurchases over the next 12 months, with no set amount of shares. With a $65.1 billion market cap, that’s roughly 1.5% of the company.
| Buyback math | Calculation | Result |
|---|---|---|
| June 5 close | $1 bln / $11.97 | 83.5 mln shares |
| July 2 close | $1 bln / $13.61 | 73.5 mln shares |
| Lost theoretical buying power | 83.5 mln – 73.5 mln | 10.1 mln fewer shares |
| Buyback vs market value | $1 bln / $65.1 bln | 1.5% |
The higher price works in both directions. It shows buyers kept coming even after the downgrades. But it also means Nu can retire fewer shares if it buys around the last close. For a growth lender, that counts because per-share lift fades right when credit costs still hang over the stock.
BofA Securities cut Nu to Underperform from Neutral and slashed its price target to $10 from $16 on June 2. Susquehanna also downgraded the stock, moving to Neutral from Positive and cutting its target to $13 from $18 on June 3, citing margin pressure and an investment cycle. NU closed Thursday above Susquehanna’s new target.
Company numbers stayed split. CEO David Vélez called the first quarter “another strong quarter.” Nu ended Q1 with over 135 million customers, revenue above $5 billion, net income at $871 million and ROE at 29%. Early-stage 15-90 day NPLs were up 89 basis points to 5.0%. 90+ day NPLs slipped by 10 basis points to 6.5%. Nu International
The credit line is at the center. Nu argued the early-stage delinquency uptick matches typical Q1 seasonality. Shares rose in the short week, so the market seems to be giving management the benefit of the doubt, but the next earnings will need to address the buyback numbers.
NYSE strategists Michael P. Reinking and Eric Criscuolo said July 2 the week saw “wild rotational activity.” They said ISM Services and FOMC minutes were up next on the U.S. macro calendar. New York Stock Exchange
Rob Livingston will take over as CFO on July 13, replacing Guilherme Lago, who shifts to a special adviser job. Livingston, an ex-Visa Inc. NYSE:V and Capital One Financial Corp. NYSE:COF exec, was picked as “the right person to lead the team through what comes next,” Vélez said. Nu International
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