Nu Holdings Ltd. shares traded close to Wednesday’s bounce in early New York moves Thursday, after UBS cut its price target but stayed positive on the Nubank parent.
Nu Holdings shares traded higher Wednesday, rebounding after last week’s earnings stumble. Investors weighed the digital bank’s record profit against increased credit-loss charges.
Nu Holdings Ltd. shares barely moved Monday afternoon, with the price sticking close to lows seen after Nubank’s Q1 results. The market kept its attention on higher loan-loss provisions, setting aside record revenue. The stock last traded at $12.18, off 0.1%, in a range of $12.10 to $12.42. Volume was around 38.7 million shares.
Nu Holdings Ltd. starts this week on the back foot. The company’s shares on the NYSE lost 5.7% Friday as investors raised concerns over higher credit costs, shrugging off a record quarter for revenue. The stock finished at $12.19, down from $13.80 last week.
Nu Holdings Ltd. reported quarterly revenue topping $5 billion on its managerial reporting basis—a first for the Nubank parent—drawing renewed focus on its credit growth after a rapid Q1. Net income climbed to $871.4 million, compared to $557.2 million a year ago, according to the filing.
Nu Holdings slipped Wednesday, with investors eyeing Nubank’s upcoming first-quarter results—a gauge of whether the Brazilian digital bank can keep profits climbing as credit growth and funding costs draw extra scrutiny.
Nu Holdings Ltd. shares slipped Friday, with investors eyeing the upcoming first-quarter results to see if Nubank can maintain its pace of loan growth without letting credit losses climb.
Nu Holdings Ltd on Wednesday named Diego Piacentini—a former Amazon executive—to its board, as the Brazilian fintech eyes expansion beyond Latin America. According to the company, Piacentini previously held top posts at Apple and went on to help lead Italy’s government digital transformation.
Nu Holdings Ltd, which owns Nubank, could be staring down fresh competition in Brazil: TikTok is seeking approval from the central bank to roll out payments and credit services. According to two sources familiar with the matter, ByteDance’s social media giant has filed for licenses that would allow it to operate prepaid accounts and extend its own credit—eyeing a market where Nubank has already made app-driven banking mainstream.
Nu Holdings slipped early Thursday, down 1.1% to $14.17 in New York after a filing revealed Chief Growth Officer Cristina Junqueira unloaded 300,000 Class A shares, netting about $4.44 million.
Nu Holdings climbed almost 6% Monday, with shares trading near $14.78 after reaching as high as $14.915 earlier. Trading volume spiked close to 60 million shares—a notable surge for the Brazilian digital bank.
Shares of Nu Holdings edged lower Friday, dipping 1.3% to $13.98 by 12:59 p.m. EDT. That move trimmed some of Thursday’s gains, when the Brazilian digital bank got a lift from a UBS upgrade and finished at $14.16, up 1.36%.
Nu Holdings climbed roughly 2.6% Monday, trading up after Nubank signed on with Febraban—Brazil’s top banking federation—tightening its ties with the nation’s financial mainstream. Shares on the NYSE settled at about $14.27.
Nu Holdings slipped roughly 2% to $14.21 early Thursday in New York as investors weighed Nubank’s newest effort to stretch its brand outside Latin America. The digital bank’s latest step: tapping a new global marketing chief and tightening its messaging on going international.
Nu Holdings Ltd on Tuesday tapped Kim Farrell, who previously held roles at TikTok and Google, as its new global marketing director. The appointment puts a seasoned brand executive in place as Nubank looks to expand outside Latin America. Farrell will report directly to Cristina Junqueira, co-founder and head of the company’s U.S. operations, according to the company.
Nu Holdings Ltd, operator of Brazil’s Nubank, has landed a multiyear deal with Inter Miami CF for naming rights at the soccer club’s new Miami stadium, the company announced Wednesday. The move marks Nu’s bid to boost its U.S. visibility. Cristina Junqueira of Nu described the partnership as an “anchor” for their brand stateside. Inter Miami’s managing owner Jorge Mas said the club sought out partners sharing a “disruptor mindset.”
Nu Holdings Ltd, which owns Nubank, has struck a multiyear deal with Inter Miami CF that puts its name on the team’s new Miami Freedom Park stadium—now set to be called “Nu Stadium.” The 26,700-seat facility is scheduled to open April 4, with financial details kept under wraps. Stadium plans go beyond soccer: concerts and other events are also on the calendar, according to the two companies.
Nu Holdings Ltd announced Wednesday that it’s entering a multiyear partnership with Major League Soccer’s Inter Miami CF, securing naming rights for the club’s upcoming stadium in Miami. The companies kept financial details under wraps. Nu shares slipped roughly 3% before the bell.
Nu Holdings wrapped up Friday with its U.S.-listed shares slipping 0.5% to close at $14.98, keeping the stock just shy of the $15 mark as Monday approaches.
Nu Holdings dropped roughly 8% to $15.31 on Thursday, as investors unloaded shares despite the Nubank parent posting a strong fourth-quarter profit jump.