Nu Holdings stock rises after UBS upgrade as Brazil rate cut lifts Nubank outlook

Nu Holdings, which owns Brazil’s digital bank Nubank, hovered near $14 early Friday. Investors had the company’s new international branding rollout in focus, but questions lingered over costs raised in last month’s results.

Nu Holdings Ltd finished Friday’s session at $17.40, rising roughly 3.5%. The Brazil-based digital bank locked in gains with a late-week bounce, setting the stage before trading resumes Monday.

Nu Holdings Ltd shares edged up 0.2% on Friday, closing at $18.04, following a 4.4% surge the previous day. Investors held steady after the Brazilian digital lender’s recent rally. The stock fluctuated between $17.71 and $18.06 on Friday, with roughly 62.5 million shares traded.

Shares of Nu Holdings Ltd climbed 2.6% to $17.41 by 2:46 p.m. EST on Wednesday, following the Nubank parent’s reveal of a multi-year deal with the Mercedes-AMG PETRONAS Formula One team set to kick off in 2026. The stock fluctuated between $16.93 and $17.52, with roughly 44 million shares changing hands.