Published: November 25, 2025 – Ticker: Nu Holdings Ltd. (NYSE: NU)
Nu Holdings, the parent of Brazilian digital lender Nubank, continued its powerful run on Tuesday as NU stock climbed to a fresh record high and extended its post‑earnings rally.
Shares closed at about $16.61 on November 25, 2025, up roughly 4.3% on the day, after trading between $15.68 and about $16.70 on heavy volume of more than 40 million shares. [1]
Earlier in the session, NU notched an all‑time high around $16.57, according to an Investing.com company news update, and has now gained over 50% year to date, with a trailing P/E ratio around 32 based on recent data. [2]
Behind the move is a mix of blowout Q3 2025 earnings, rising institutional ownership, bullish analyst revisions, and a high‑profile push into the U.S. banking market.
NU stock price today: November 25, 2025 snapshot
Based on exchange and price‑history data, here’s how Nu Holdings looked at Tuesday’s close: [3]
- Closing price: ~$16.61
- Daily move: +$0.69, or about +4.3% versus Monday’s close
- Intraday range: roughly $15.68 – $16.68
- Volume: ~40.6 million shares, broadly in line with recent sessions in the 30–60 million range
- After‑hours indication: StockAnalysis data showed after‑hours trading near $16.70 shortly after the close. [4]
- Trend context: According to Investing.com, NU is up about 53–54% year to date, ~33% over the last six months, and around 12% over the past year, placing it among the stronger large‑cap fintech performers of 2025. [5]
MarketBeat and other data aggregators currently peg Nu’s market capitalization in the mid‑$70‑billion range, with the stock trading on a forward‑growth fintech multiple—expensive versus traditional banks, but more in line with high‑growth digital finance peers. [6]
The big driver: Q3 2025 earnings that beat on revenue and profit
The foundation of NU’s latest surge is a very strong Q3 2025 earnings report delivered earlier this month.
Revenue and earnings beats
Independent breakdowns from ChartMill and others, backed by Nu’s own disclosures, highlight a quarter that beat Wall Street expectations on both revenue and earnings: [7]
- Revenue: about $4.17–$4.2 billion, roughly 39% year‑over‑year growth on a currency‑neutral basis and comfortably ahead of consensus estimates around the low‑$3.9 billion range.
- Non‑GAAP EPS: around $0.17 per share, modestly above analyst expectations that were closer to $0.16.
- Net income: approximately $783 million, up about 39% year over year, underscoring that Nu is scaling profitably rather than just growing the top line.
- Return on equity (ROE): a record ~31%, according to Reuters, an unusually high figure for a bank‑like business. [8]
ChartMill’s summary also notes that Nu: [9]
- Added roughly 4.3 million customers in Q3, bringing its total base to about 127 million across Brazil, Mexico, and Colombia.
- Reached a record monthly average revenue per active customer (ARPAC) of about $13.4.
- Kept its average cost to serve per active customer under $1 (around $0.90), highlighting the power of its digital‑only model.
Reuters adds that Nu’s credit portfolio grew to about $30.4 billion, up more than 40% year over year, while 15‑to‑90‑day delinquencies in Brazil fell to about 4.2% and 90‑day‑plus delinquencies were roughly 6.8%, slightly higher than the prior quarter but lower than a year ago—suggesting that, so far, rapid expansion hasn’t triggered a serious credit blow‑up. [10]
For equity markets, this combination—fast growth, improving profitability, and manageable credit risk—has become one of the core reasons NU keeps making new highs.
U.S. bank charter and AI‑first strategy: the long‑term growth story
The near‑term numbers matter, but part of the excitement around NU is where Nubank is trying to go next.
Applying for a U.S. national bank charter
Nu confirmed in late September that it has applied for a U.S. national bank charter with the Office of the Comptroller of the Currency (OCC). [11]
Public materials around the application and subsequent industry coverage indicate that, in its first years in the U.S., a proposed Nubank, N.A. would focus on:
- Checking / deposit accounts
- Credit cards
- Unsecured personal loans
- Digital asset custody and related services [12]
The Financial Brand, which profiled Nubank’s strategy this week, describes the company as an “AI‑first” digital bank that already serves about 60% of Brazil’s adult population and is now using that know‑how to push into Mexico, Colombia and, potentially, the U.S. market. [13]
In Mexico, Nu has already secured authorization to become a bank, with full operational rollout expected around 2026, and it now serves more than 13 million customers there. In Colombia, Nubank is approaching 4 million customers, according to the same analysis. [14]
For investors in NU stock, the charter application is important because it:
- Signals regulatory ambition and confidence, not just in Brazil but globally.
- Would allow Nubank to gather low‑cost deposits in the U.S., potentially lowering funding costs over time.
- Could open up new high‑margin lending and payments opportunities if the bank can replicate its Brazilian playbook with AI‑driven underwriting and customer engagement.
That said, a U.S. charter is not guaranteed and the approval process can be drawn‑out and politically sensitive—something bulls and bears alike will be watching closely.
Institutional buying, analyst upgrades and index flows
Another pillar of today’s rally is growing institutional sponsorship and increasingly positive analyst sentiment.
Hedge funds and asset managers add to NU
New filings summarized by MarketBeat show that: [15]
- AXQ Capital LP recently initiated a new NU position of 19,838 shares (roughly a low‑hundreds‑thousands‑dollar stake based on recent prices).
- Sharp Capital Gestora de Recursos Ltda.boosted its NU stake by about 154% in Q2, buying roughly 2.7 million additional shares to bring its total to around 4.49 million shares. NU now accounts for just over 60% of that fund’s portfolio and about 0.09% of Nu’s shares outstanding, valued near $61 million at the time of the filing.
MarketBeat’s institutional ownership data suggests that around 84% of NU shares are now held by institutions and hedge funds, a high level that can both support liquidity and amplify moves when large players adjust positions. [16]
Analyst views and price targets
Those same reports and additional research coverage point to a firming analyst backdrop: [17]
- Wall Street’s consensus rating on NU is in “Moderate Buy” territory, with an average price target around $17.40–$17.50 per share.
- Some brokers, including KeyBanc and Susquehanna, have raised their NU price targets to about $19, citing the Q3 beat, strong customer metrics, and growth in Mexico.
- Q3 2025 results showed EPS of roughly $0.17 versus expectations nearer $0.15, and revenue of about $4.17–$4.2 billion versus estimates just under $4.0 billion, with net margin close to 18% and ROE in the 30% area, underpinning those higher targets. [18]
Separately, NU is now tracked by major index and ETF products tied to the Russell 1000, which tends to increase passive flows and visibility for large‑cap investors, as highlighted in recent index‑related coverage. [19]
Insider activity: a small Form 144 sale on the tape
One piece of micro‑level news today is a new Form 144 filing disclosing planned sales of up to 10,000 NU shares by an insider, Suzana Kubric. The filing notes prior sales of 5,000 shares on November 14, 2025, and 6,000 shares on August 25, 2025, and indicates that Nu had roughly 4.85 billion common shares outstanding at the referenced time. [20]
In percentage terms, this is tiny relative to Nu’s total float, and looks more like routine personal portfolio management than a strategic shift. Still, some short‑term traders track this kind of activity as a sentiment indicator, even when the size is negligible.
Valuation check: is NU getting expensive?
With the stock pushing through record highs, valuation is a natural question.
- Investing.com data puts NU’s P/E ratio around 31–32, reflecting expectations that earnings will continue compounding at a high rate. [21]
- MarketBeat’s summary pegs Nu’s market cap around $76–77 billion, putting it in the same league as some traditional Latin American banking giants, despite a much shorter operating history. [22]
Whether that looks rich or reasonable depends on your comparison:
- Versus traditional banks, a low‑30s P/E is expensive, especially in a region still sensitive to macro and political shocks.
- Versus high‑growth fintechs and neobanks, the multiple is more middle‑of‑the‑pack, and arguably justified if Nu can sustain high‑teens to 20%‑plus revenue growth while holding ROE near 30%.
Key risks long‑term investors typically weigh include:
- A turn in the credit cycle in Brazil, Mexico or Colombia that pushes delinquencies and charge‑offs higher. [23]
- Regulatory and political risk, especially around a potential U.S. bank charter and already‑regulated businesses in Latin America. [24]
- Intensifying competition from both local banks and global fintechs targeting the same under‑banked customer segments. [25]
What could move NU stock next?
Looking ahead, several catalysts could sway NU in coming weeks and months:
- Q4 2025 results and 2026 guidance
- ChartMill notes that consensus expectations for Q4 2025 call for revenue around $4.0 billion and EPS near $0.18, with full‑year sales estimates in the mid‑teens of billions. A miss or beat versus those numbers could easily move the stock. [26]
- Updates on the U.S. charter application
- Any indication from regulators—positive, negative, or simply clarifying timelines—could impact sentiment around Nu’s international expansion and long‑term earnings power. [27]
- Macro data and credit trends in Brazil and Mexico
- NU is still deeply tied to Latin American consumer health and interest‑rate environments. A deterioration in credit metrics or faster‑than‑expected rate cuts could both change the earnings trajectory. [28]
- Further strategic partnerships and product launches
- Recent coverage flagged a partnership with Amazon Brazil to integrate NuPay as a payment option, a sign that Nu is still finding new ways to embed itself in daily transactions. [29]
- Index and ETF flows
- As NU gains weight in large‑cap emerging‑markets and fintech‑focused ETFs, performance relative to those benchmarks can have a feedback effect on demand. [30]
Bottom line on NU stock today
On November 25, 2025, Nu Holdings finds itself in a powerful sweet spot:
- Technically, NU is in a clear uptrend, printing new all‑time highs above $16.50 on strong volume. [31]
- Fundamentally, Q3 2025 showed that Nubank can grow quickly, remain highly profitable, and keep credit quality under control, at least so far. [32]
- Strategically, the company is pursuing a U.S. bank charter, ramping up in Mexico and Colombia, and leaning into an AI‑driven operating model that keeps costs per customer remarkably low. [33]
For current and prospective shareholders, today’s move reinforces the idea that NU is no longer just a speculative fintech IPO story—it’s behaving more like a scaled, systemically important digital bank with global ambitions.
That said, rapid growth plus a premium valuation always comes with risk. Anyone considering NU should think carefully about:
- Their time horizon (this is a long‑term execution story).
- Their risk tolerance for emerging‑market, credit‑cycle, and regulatory swings.
- How NU fits into a diversified portfolio, rather than as a single, high‑conviction bet.
Important: This article is for informational and news purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Always do your own research and consider speaking with a qualified financial advisor before making investment decisions.
References
1. stockanalysis.com, 2. www.investing.com, 3. stockanalysis.com, 4. stockanalysis.com, 5. www.investing.com, 6. www.marketbeat.com, 7. www.chartmill.com, 8. www.reuters.com, 9. www.chartmill.com, 10. www.reuters.com, 11. international.nubank.com.br, 12. thefinancialbrand.com, 13. thefinancialbrand.com, 14. thefinancialbrand.com, 15. www.marketbeat.com, 16. www.marketbeat.com, 17. www.marketbeat.com, 18. www.chartmill.com, 19. kalkinemedia.com, 20. www.stocktitan.net, 21. www.investing.com, 22. www.marketbeat.com, 23. www.reuters.com, 24. international.nubank.com.br, 25. thefinancialbrand.com, 26. www.chartmill.com, 27. international.nubank.com.br, 28. www.reuters.com, 29. stockstotrade.com, 30. kalkinemedia.com, 31. stockanalysis.com, 32. www.reuters.com, 33. thefinancialbrand.com
