Nu Holdings Stock Jumps 6% as Wall Street Rebounds, but Nubank Cost Questions Linger
Nu Holdings shares jumped nearly 6% to $14.78 Monday, with trading volume nearing 60 million shares. The rebound followed news that planned U.S. strikes on Iranian energy assets would be postponed, easing pressure on growth stocks. Other Brazilian financial stocks also rallied. Nu’s U.S. bank charter remains pending, and its Mexico expansion faces high costs despite a new deal with Oxxo.