NEW YORK, July 1, 2026, 14:58 EDT
- Nu Holdings Ltd. NYSE:NU was up 1.16% at $13.515 just before 3 p.m. EDT, after 47.2 million shares changed hands.
- Dollar turnover in the stock was about $638 million, making up 64% of Nu’s 12-month $1 billion buyback authorization.
- Nu outperformed the Brazil ETF and the Nasdaq tracker, but trailed StoneCo and MercadoLibre through the session.
- The NYSE will trade Wednesday but will close on Friday, July 3, for Independence Day observed.
Nu Holdings Ltd. NYSE:NU jumped 15.5 cents to $13.515 by mid-afternoon in New York. Volume was active. Shares traded between $13.12 and $13.93. That’s a span of about 6%, much wider than the 1.1% range for Invesco QQQ Trust Series 1 NASDAQ:QQQ and 2.2% for iShares MSCI Brazil ETF (NYSEARCA:EWZ).
The table below is based on last trade data collected between 18:41 and 18:43 UTC. Dollar turnover comes from multiplying the last price by the reported volume.
| Security | Last | Day chg | Intraday range | Dollar turnover | Mkt value |
|---|---|---|---|---|---|
| Nu Holdings Ltd. NYSE:NU | $13.515 | up 1.16% | range 6.0% | $638 mln traded | $64.6 bln cap |
| StoneCo Ltd. NASDAQ:STNE | $11.06 | added 2.03% | moved 4.4% | $21 mln | $3.4 bln |
| PagSeguro Digital Ltd. NYSE:PAGS | $9.05 | up 0.06% | swung 1.7% | $12 mln | $3.0 bln |
| MercadoLibre Inc. NASDAQ:MELI | $1,746.37 | rose 2.89% | traded in a 4.2% band | $575 mln | $88.5 bln |
| SPDR S&P 500 ETF Trust NYSEARCA:SPY | $747.14 | added 0.05% | range 0.9% | $19.6 bln | $661.6 bln |
| Invesco QQQ Trust Series 1 NASDAQ:QQQ | $726.66 | fell 1.32% | moved 1.1% | $19.3 bln | $346.4 bln |
| iShares MSCI Brazil ETF (NYSEARCA:EWZ) | $34.175 | slipped 0.94% | fluctuated 2.2% | $371 mln | $6.1 bln |
Turnover tells the story here. Nu’s dollar volume topped MercadoLibre’s $575 million, although MercadoLibre has a much bigger market cap at $88.5 billion compared to Nu’s $64.6 billion. Nu’s turnover ran at 1.7 times the pace of EWZ. That’s a sign money is moving into the stock directly, not simply because of Brazil ETF flows.
Nu’s buyback is more limited this time. At $13.515, the $1 billion program would buy around 74 million shares, or about 1.5% of the company’s market cap. On Wednesday, the stock’s traded value was already 64% of the whole authorization. The repurchase is real support for holders, but it won’t drive a full U.S. trading session on its own.
Nu said June 4 its board signed off on a Class A share buyback over 12 months. Growth investment plans for Brazil, Mexico, Colombia, and the US are still covered, as are regulatory capital needs, the company said. Nu said it’s not required to buy a set amount of shares.
S&P 500 barely moved in the afternoon, Reuters said, with the Dow gaining 0.19% and the Nasdaq dropping 0.22%. Traders are waiting for the U.S. jobs report out Thursday. U.S. markets will shut on Friday for the Fourth of July holiday.
Finance changes in June are still weighing on Nubank. The company tapped Rob Livingston as CFO starting July 13, taking over from Guilherme Lago, who stays on as special adviser until Aug. 31. Livingston comes in from Visa Inc. NYSE:V, where he was North America CFO. Nu CEO David Velez said priorities “are unchanged.” Livingston said he plans to focus on “optimizing capital allocation.” Nu International
BofA Securities cut Nu to Underperform from Neutral on June 2, trimming its price target from $16 to $10. Analyst Mario Pierry said the move “adds uncertainty” as Nu runs into tighter credit conditions in Brazil and grows in Mexico, Colombia and the U.S. Nu shares trade at $13.515, which is 35% above the new target. Investing.com
Growth is the other factor for the stock. For the first quarter, Nu reported over 135 million customers and topped $5 billion in revenue. Net income hit $871 million and return on equity was 29%. CEO Velez said it was “another strong quarter” and pointed to break-even in Mexico, where Nu now has 15 million customers. Nu International
Credit is still the key metric. Nu’s non-performing loan ratio for loans between 15 and 90 days overdue hit 5.0% in Q1, up 89 basis points from Q4. The over-90-day NPL ratio edged down by 10 basis points to 6.5%. Credit loss allowances jumped 33% from last quarter to $1.79 billion. Nu’s risk-adjusted net interest margin slipped 100 basis points to 9.5%.
| Nu measure | Latest data | Why it matters |
|---|---|---|
| Buyback authorization | $1.0 bln over 12 months | Roughly 1.5% of Nu’s current value |
| Wednesday dollar turnover | $638 mln | That’s 64% of the buyback total |
| Q1 revenue | Over $5 bln | Nu topped $5 bln for the first time |
| Q1 net income | $871 mln | Gained 41% from last year |
| 15-90 day NPL ratio | 5.0% | Early NPLs ticked higher |
| 90+ day NPL ratio | 6.5% | Later delinquencies came down |
| Credit loss allowances | $1.79 bln | Risk-adjusted NIM landed at 9.5% |
Next up is July 13, when Livingston starts as CFO. Before then, Nu has a full session on Thursday. NYSE will be closed on Friday, July 3, for the Independence Day holiday.
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