New York, June 12, 2026, 15:09 EDT
- Nu Holdings shares traded flat Friday. Nubank said it sent a false liquidation notice to customers because of an operational mistake.
- The stock is still down roughly 36% from its 52-week high, despite the company approving a $1 billion buyback lately.
- Q2 earnings, set for mid-August, are seen as the next major catalyst for investors.
Nu Holdings Ltd. shares changed hands at $12.12 late Friday in New York, up 0.41%. Investors have been watching Nubank, run by Nu Holdings, after a customer-notification incident this week. The stock swung from $12.02 to $12.29 during the day, according to Google Finance. Market cap sits near $58.9 billion. Trailing P/E is 18.68. The P/E ratio is the price divided by EPS for the last year.
Nubank shares faced a reputational issue after Reuters reported that some customers got an app and email alert saying Brazil’s central bank had liquidated the company. Nubank called it a one-off operational error that’s now under review, saying client data was safe and business kept running. The central bank said it did not order a liquidation.
Nu’s stock is tied closely to trust, cheap customer acquisition, and growth in Brazil, Mexico, and Colombia. A communications slip, even if contained, can spark concerns over controls at a platform with 135 million users. The shares are still well under their 52-week high of $18.98 and just above the 52-week low at $11.20.
Nu’s bull thesis is mostly about size and profits. For Q1, Nu reported revenue topping $5 billion for the first time. Net income came in at $871 million and return on equity was 29%. Total deposits climbed 22% from a year ago to $42.4 billion, while its credit portfolio picked up 40% to $37.2 billion. CEO David Vélez said Nu’s AI Private Banker tool already counts more than 15 million monthly active users.
Nubank gave more updates this week, backing its growth story. The company said June 11 it wrapped up a 1.59 billion-real Financial Bills sale, drawing demand of more than 3 billion reais. It also laid out an AI plan focused on credit, customer experience and productivity. “Better models don’t just reduce losses. They allow us to safely and responsibly extend credit to a larger number of people,” said Rohan Ramanath, Nu’s general manager of AI Core. Nu International Nu International
Nu’s rapid loan book growth is drawing more scrutiny on credit quality. Credit loss allowances jumped 33% from the previous quarter to $1.79 billion in Q1. The risk-adjusted net interest margin slipped to 9.5%, down from 10.5%. The 15-90 day NPL ratio came in at 5.0%. That covers loans now 15 to 90 days overdue, counted as non-performing.
Analyst views are split after the stock fell. Google Finance’s latest tally has six analysts in the last three months: three rate it Buy, two say Hold, and one is at Sell. The 12-month average target price is $17.48, while the lowest target is $10.00. Benzinga said this month that Susquehanna cut Nu to Neutral with a $13 target. Bank of America downgraded it to Underperform, eyeing $10. UBS left its Buy but trimmed the price target to $16.90.
Q2 earnings could be the next big mover, with MarketBeat putting the date at August 13 after the bell, though Nu hasn’t confirmed it. Right now, the stock looks fairly valued, if not cheap, and comes with risk. The buyback, growth story and AI credit tools are positives. But a recent false-message event, higher credit provisions, and mixed analyst sentiment mean there isn’t much slack for missteps.
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