Nu Holdings stock ticks higher after Nubank maps $475 million Brazil office expansion
Nu Holdings shares rose 0.5% to $18.13 after Nubank announced plans to invest over 2.5 billion reais ($475 million) in expanding Brazilian offices over five years. The move comes ahead of Nu’s Feb. 25 earnings report, with investors watching for signs of rising costs. Nubank will open new São Paulo sites and launch a hybrid work model in July 2026. Net interest margin narrowed last quarter as delinquencies drew scrutiny.