NEW YORK, June 9, 2026, 06:04 EDT
- Nu Holdings gained 0.7% before the bell. Shares closed 3.1% lower on Monday.
- The next question for the stock is if its $1 billion buyback will be enough to ease concerns about credit costs, margins, and the change in CFO.
- U.S. regular trading hadn’t started. The NYSE’s session is 9:30 a.m. to 4 p.m. Eastern time.
Nu Holdings’ U.S. shares ticked up in early trading Tuesday, after slipping on Monday. Investors tried to balance the Brazilian neobank’s $1 billion buyback plan with recent worries about its credit risk and changes at the top.
NU was at $11.68 before the bell, up 8 cents, or 0.69%, as of about 6:00 a.m. New York time, according to Public.com. The stock ended Monday at $11.60, down 3.09%. Volume topped 57 million shares, StockAnalysis showed. Pre-market trading is lighter ahead of the market open.
The bounce in Nu’s stock comes after a steep drop. Shares have stayed under pressure, even after the company announced last week that its board approved a buyback of up to $1 billion over the next 12 months, starting June 4. The program isn’t binding — Nu said it can change or suspend it at any time and there’s no set amount of shares it has to buy.
U.S. regular trading was still ahead of the bell. The New York Stock Exchange runs from 9:30 a.m. to 4 p.m. Eastern and its calendar for 2026 does not show June 9 as a market holiday. The next closure in June is Juneteenth on June 19.
Nu is putting up big growth numbers, but questions about the cost of that pace are getting louder. In May, founder and CEO David Vélez reported first-quarter results: the company had “more than 135 million customers, revenues surpassing $5 billion” and net income of $871 million. Return on equity was 29%, showing what Nu generated from shareholder capital. Nu International
Loan book risk still hangs over Nu. Last week, Susquehanna’s James Friedman took Nu to Neutral from Positive and slashed his price target down to $13 from $18. Friedman pointed to tighter margins and higher spending on a new cycle. Operating margin dropped by 760 basis points to 19.2% in Q1, he wrote. Credit-loss allowances jumped 33% from the prior quarter, hitting about $1.8 billion.
BofA Securities went bearish on the stock earlier. Analyst Mario Pierry downgraded Nu to Underperform from Neutral and dropped his price target to $10 from $16. He pointed to CFO Guilherme Lago’s exit, describing Lago as “one of the company’s most important executives.” Pierry said the change creates more uncertainty for Nu as the firm faces a rougher credit environment in Brazil and grows in Mexico, Colombia and the U.S. Investing.com
Nu said June 1 that Rob Livingston, who was CFO for Visa’s North America business, is taking over from Lago as CFO starting July 13. Vélez called Livingston “the right person to lead the team through what comes next” and said Nu’s focus on core-market growth, artificial intelligence, and disciplined international expansion remains in place. Nu International
Analysts aren’t all negative. Nu had eight Buy ratings on Public.com as of Tuesday. Benzinga reported the newest ratings — Susquehanna, BofA Securities, UBS — have an average target of $13.30. That’s higher than the most recent price, but still trails earlier, more bullish targets.
Sector direction wasn’t clear in premarket moves among peers. Inter & Co last changed hands at $5.57. StoneCo was quoted at $10.57. Nu still stands out with a market cap of around $55.5 billion, much bigger than those two U.S.-listed names and the main equity for investors wanting exposure to Latin American digital finance.
There’s a risk the buyback only props up the share price for now, rather than solving underlying problems. Credit losses in Brazil could keep climbing. Heavier-than-expected spending to grow in Mexico and the U.S. would also keep margins squeezed. Nu shares could end up testing Monday’s low of around $11.55 again.
Tuesday’s pre-market move higher is just a pause so far. The regular market will say if investors see the buyback as a sign of capital being returned, or if they think the company is gearing up for a tougher stretch.
