New York, May 31, 2026, 14:02 EDT
Nu Holdings Ltd. shares ended a holiday-shortened U.S. week higher, closing Friday at $13.13 as investors returned to the parent of Nubank after a rough May stretch. The stock rose 0.61% on Friday and gained about 3.1% from its previous Friday close of $12.73.
The timing matters. U.S. markets were closed on Monday for Memorial Day, and the NYSE’s regular cash session runs from 9:30 a.m. to 4 p.m. Eastern time, leaving Nu’s next test for the week ahead when trading reopens.
There was no fresh earnings release over the weekend. The trade is still about the May 14 first-quarter report: very fast growth, but with more attention on credit costs than Nu bulls would like.
The company’s filing showed managerial total revenue of $5.315 billion, up from $3.373 billion a year earlier, and net income of $871.4 million, up from $557.2 million. Managerial figures are a company-defined view of the business; IFRS, the international accounting standard, remains the statutory basis.
Nu also said it added about 4 million customers in the quarter, taking its global base above 135 million. Brazil topped 115 million customers, while Mexico passed 15 million, a scale point that keeps the company in direct comparison with Brazil’s big incumbent lenders.
Founder and Chief Executive David Vélez framed artificial intelligence as central to the credit story, saying Nu was “rebuilding banking around AI.” He said the company’s models were helping it raise credit limits with “resilience, not just speed.” Mziq API
The competitive tape was mixed. Itaú Unibanco’s U.S.-listed shares edged up about 0.1% on Friday, while Bradesco slipped 0.7%; U.S. fintech name SoFi jumped 7.5%, a reminder that digital-lender sentiment can swing quickly when risk appetite improves.
But credit is the risk. Nu’s 15-to-90-day NPL ratio — non-performing loans, meaning loans already overdue — rose to 5.0% in the first quarter from 4.1% in the fourth quarter. Credit-loss allowances rose 33% from the prior quarter, while risk-adjusted net interest margin, the lending spread after credit losses, fell to 9.5% from 10.5%.
Brazil’s economy gives the stock another cross-current. GDP grew 1.1% in the first quarter, helped by consumption and investment, but Reuters reported that the rebound clouded the outlook for rate cuts; Banco BV chief economist Roberto Padovani said rates “may need to remain higher for longer.” Reuters
Inflation adds to that caution. Brazil’s 12-month inflation reached 4.64% in early May, above the top of the central bank’s target band, and monetary policy director Nilton David said “the central bank has the tools” to pursue the target. Reuters
The broader market helped. Wall Street’s main indexes hit record closing highs on Friday, with the Dow up 0.72%, the S&P 500 up 0.22% and the Nasdaq up 0.21%; the S&P 500 also logged its ninth straight weekly gain.
For the week ahead, Nu’s first question is plain enough: whether the stock can hold the $13 area. A stronger move would suggest investors are leaning back toward scale, Mexico growth and AI-led underwriting. A fade would put credit costs, Brazil rates and the May selloff back at the front of the trade.
