São Paulo, June 13, 2026, 17:03 (BRT)
- Nu Holdings shares on the NYSE ended Friday at $12.19, gaining 0.83% on the day. The stock moved in a range from $12.02 to $12.29.
- Nubank said an operational error led to a false customer message on liquidation, but operations stayed normal, the company said.
- Investors look at a $1 billion share buyback, recent downgrades from analysts, and the upcoming earnings report set for August 18.
Nu Holdings Ltd. stock edged up Friday as the company faced an unexpected customer communication issue at Nubank, its digital bank in Brazil. Shares finished at $12.19, climbing $0.10 or 0.83%. Volume was about 34.2 million shares, putting the company’s market cap around $58.3 billion.
A false notification told some Nubank users the company was liquidated by Brazil’s central bank. Nubank told Reuters it was a one-off operational mistake, said it’s investigating, and added that customer data and services were not hit. The central bank denied any liquidation.
That’s key for Nu’s stock. Digital banks trade on earnings, but also lean a lot on customer trust, stable deposits, and how regulators see them. NU shares ended up, so investors didn’t price in the episode as a hit to the balance sheet. It adds a reputational risk, though, and that’s one to watch with Nubank’s more than 135 million customers in Brazil, Mexico and Colombia.
Nu’s profit story and plans to return capital are still a key part of the bull case. The company earlier this month cleared a share repurchase program of up to $1 billion in Class A ordinary shares over the next year. A buyback can lift earnings per share by cutting the share count. Still, the company said it doesn’t have to buy back any set number of shares.
Nu posted its first-ever quarter with revenue above $5 billion, with net income at $871 million and return on equity of 29%. CEO David Vélez said it was “another strong quarter.” The company reported Mexico had hit break-even and counted 15 million customers. Bulls have more to watch in these numbers. Nu International
The bear argument is that the market might still be too optimistic about a fast-growing lender like Nu, which has credit, execution, and leadership risks. BofA Securities cut Nu to Underperform from Neutral, setting a $10 price target on June 2, after its CFO Guilherme Lago said he would move to an advisory role. Susquehanna also dropped its rating to Neutral from Positive and lowered its target to $13 from $18 on June 3.
Valuation comes in mixed—not outright cheap. At $12.19, with trailing EPS of $0.65, Nu is trading at about 19 times earnings. That price-to-earnings ratio measures share price against profit per share. It’s not a stretched multiple for a profitable growth fintech, but it doesn’t give a big margin for error if credit losses pick up, Brazil or Mexico growth dips, or the new CFO transition shakes investors.
Next up for Nu is its second-quarter earnings, which Investing.com says are set for August 18, 2026. Investors will be watching customer growth, credit quality and net interest income—revenue from lending minus funding costs. Another focus: how Nu manages profitability in Mexico and what it does with its buyback program. Based on the numbers right now, NU looks potentially attractive for growth-oriented investors but still risky, with good momentum but new governance and execution risks still in play.
