New York, Jan 24, 2026, 07:27 EST — Market closed
- Nu Holdings shares ended Friday up 0.2% at $18.04 but slipped to $18.00 in after-hours trading.
- Brazil’s central bank is set to decide on Jan. 28. Most economists expect rates to hold at 15%, with cuts likely beginning in March.
- Nu is set to release its fourth-quarter results on Feb. 25, marking its next major catalyst.
Nu Holdings shares closed Friday just above the flatline, up 0.2% at $18.04. After-hours saw a slight pullback to $18.00.
With U.S. markets closed over the weekend, Monday’s focus falls squarely on the macro calendar. For a digital lender connected to Brazil’s credit cycle, any shift in rate signals can quickly change the outlook — impacting everything from funding costs to loan demand.
Brazil’s central bank is set to hold the Selic benchmark rate steady at 15% during its Jan. 28 meeting, a Reuters poll shows. Citi analysts point to easing inflation expectations and a slowdown in current inflation as reasons for Copom to begin rate cuts in March. Stephan Kautz, chief economist at EQI Asset, noted that any tweaks in the post-meeting statement might signal a shift in policy stance.
The Federal Reserve will convene on Jan. 27-28, with its rate decision and press conference set for Wednesday. Any hawkish surprise could push U.S. yields higher, tighten dollar funding, and curb demand for emerging-market risk.
Nu is pushing its brand well past banking. The company just announced a multi-year deal with the Mercedes-AMG PETRONAS Formula One team. Co-founder Cristina Junqueira called it an opportunity to “connect with hundreds of millions of fans” in Brazil, Mexico, Colombia, the United States, and further afield. Mercedes-AMG PETRONAS F1 Team
Risk appetite heading into the weekend remained fragile. The Dow dropped Friday, while the Nasdaq eked out a gain, shaken by Intel’s gloomy forecast. Jason Blackwell, chief investment strategist at Focus Partners Wealth, noted investors still felt “pretty good” but braced for “twists and turns” this year. Reuters
Nu traded in a range from $17.72 to $18.06 on Friday, with roughly 63 million shares exchanging hands. Despite heavy volume, the stock ended the day nearly flat, highlighting how fast sentiment can shift in high-growth financial stocks.
The next major company-specific event is earnings. Nu’s investor relations calendar shows its fourth-quarter results and conference call set for Feb. 25.
That report will probably shift attention back to fundamentals: net interest margin — the gap between what banks earn on loans versus what they pay on deposits — and the trajectory of credit costs. Insights on pricing, defaults, and funding in Brazil will carry weight, particularly as markets gauge the Selic’s next move.
The rate story could also flip. Should inflation remain stubborn and Copom hold a hawkish stance beyond economists’ forecasts, loan growth might stall and losses climb. Meanwhile, a stronger dollar usually weighs on emerging-market trades.
Traders enter the new week focused on three key dates: the Fed and Copom decisions on Jan. 28, plus Nu’s earnings on Feb. 25. How those statements sound could be just as important as the actual figures.
