NEW YORK, July 28, 2026, 07:27 EDT — U.S. premarket trading was active with NYSE core trading yet to begin.
- Nu traded close to $14.50, having ended Monday at $14.53, up 3.12%.
- Example estimate: Monday’s price reduction lowers the buyback’s theoretical share count by approximately 17% compared to June 4.
- Credit-loss allowances for the first quarter totaled $1.79 billion, surpassing the full authorized amount.
Nu Holdings Ltd. NYSE:NU moved higher in early Tuesday trading, following six consecutive sessions of gains. Shares increased by 6.9% between July 17 and Monday.
Investors now focus on scale. Any funds not used mean the rebound limits possible share buybacks.
For illustration: using $1 billion entirely at $14.53 per share would remove an estimated 68.8 million Class A shares, prior to accounting for fees. This represents approximately 1.8% of the total Class A shares outstanding as of June 26.
With a closing price of $12.12 on June 4, the cash amount would have secured 82.5 million shares. After Monday’s decline, that hypothetical total falls by roughly 17%.
The programme is set to continue until June 3, 2027, without any mandatory participation. Nu reserves the right to modify, pause or end it at any time.
The total value of credit-loss allowances increased, amounting to $1.79 billion in Q1, almost 1.8 times the approved limit.
Allowances increased by 33% from the previous quarter. Risk-adjusted net interest margin declined by 100 basis points, reaching 9.5%. Headline margin, however, climbed to 21.1%.
Nu remained at the forefront of Brazil-oriented financial stocks on Monday.
| Company | Monday close | Monday change |
|---|---|---|
| Nu Holdings Ltd. NYSE:NU | $14.53 | up 3.12% |
| StoneCo Ltd. NASDAQ:STNE | $10.89 | up 1.21% |
| PagSeguro Digital Ltd. NYSE:PAGS | $9.38 | up 1.96% |
| Itaú Unibanco Holding S.A. NYSE:ITUB | $8.37 | up 1.09% |
The broader market showed minimal movement, with the S&P 500 closing up 0.02%, while Nu advanced 3.12%.
The SEC filing on Monday indicated no discretionary insider sale. It disclosed a code-F transaction on July 23 for Cristina Junqueira, involving 8,048 shares.
According to SEC guidance, code F is used when securities are used to settle tax or exercise liabilities. Junqueira holds the role of both U.S. CEO and chief growth officer at Nu.
Nu gained 3.7% over the week. In that time, the company reached a deal to purchase Banco Porto Real, securing a Brazilian banking license.
Nu stated the deal does not create any additional capital or liquidity needs. Approval from Brazil’s central bank is still pending.
Founder and CEO David Vélez said “Q1’26 was another strong quarter.” The company reported over 135 million customers, with quarterly revenue topping $5 billion. Nu International
Net income increased by 41% to $871 million, while return on equity reached 29%. The credit portfolio expanded 40% to $37.2 billion.
Deposits increased by 22% to reach $42.4 billion. The loan-to-deposit ratio advanced to 58.3%, up from 49.1% in the fourth quarter.
Mexico achieved break-even in the first quarter, reaching 15 million customers. Nu secured full approval on July 10 to start banking activities in the country.
The key macro event of the week is scheduled for Wednesday. Markets put the probability of the Federal Reserve maintaining rates at 3.50%-3.75% at 65%.
James Bullard stated that policymakers “don’t usually do a one-and-done.” He also remarked: “I don’t think they’re ready to do that at this meeting.” Reuters
Unsecured credit, deposit pricing, and growth continue to carry concentrated risks. The nonperforming-loan ratio for the 15-to-90-day window increased to 5.0%. There is also ongoing investment in international operations and artificial intelligence.
Nu is scheduled to hold its annual meeting on Aug. 6. In the meantime, the key focus for earnings is whether margins will stabilize.
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