Nu Holdings (NYSE:NU) tops Brazil, bank ETFs as buyback plan brings new interest
Nu Holdings Ltd. traded higher Tuesday, outperforming U.S. financial stocks and Brazilian names. The move points to investors putting a premium on Nu’s capital return angle, even if the announced buyback is minor compared with the company’s overall size. Nu last traded at $13.36, up 24 cents, or 1.8%. About 45.6 million shares changed hands. The price ranged from $12.94 to $13.39, moving close to the session high in late trading. The company’s market cap was roughly $63.9 billion.