New York, June 8, 2026, 14:06 EDT
Nu Holdings Ltd. shares slipped in Monday’s afternoon session, erasing more of last week’s gains after the buyback. Traders pointed to uncertainty over management changes and credit costs. The NYSE-listed stock last traded at $11.60, off 37 cents, or roughly 3.1%. The SPDR S&P 500 ETF was up around 0.5%.
Nu, the parent of Brazil’s Nubank, wants investors to look past risk and see its capital position. On June 4, the board signed off on a $1 billion buyback program that runs 12 months. Nu said a buyback lets it purchase its own stock, which can help the share price or cut the float. But it isn’t required to buy any exact number of shares and can change or end the plan at any point.
The stock climbed 4.1% Thursday after the buyback news, but the move faded. NU dropped 10.7% this week and is off 30.7% year to date, based on Finviz data. Shares are now just a few percent above their 52-week low of $11.20.
Nubank appointed John Walton chief information security officer, the company said Monday. Walton, who was senior security executive at Electronic Arts and Microsoft, will report to CTO Eric Young. Young called security “foundational” to Nubank’s operations as it serves over 135 million customers. Walton said he plans to boost security and resilience as Nubank grows. Nu International
Nu’s finance team is seeing a more market-focused change. The company said June 1 it named Rob Livingston as its next chief financial officer. Livingston, who was CFO at Visa North America, will take over July 13. He replaces Guilherme Lago, who is moving to an advisory spot. Chief Executive David Vélez said Nu’s main goals — growing in core markets, building the business around artificial intelligence, and keeping a disciplined approach to international expansion — are “unchanged.” Nu International
BofA Securities’ Mario Pierry moved Nu to Underperform from Neutral and slashed his price target to $10 from $16 after Lago’s exit. Pierry called Lago one of the company’s top executives and said “the timing of the transition adds uncertainty,” pointing to Brazil’s tougher credit and current expansion efforts in Mexico, Colombia, and the U.S. The shift didn’t settle the sell side. Investing.com
Nu’s first quarter numbers were strong but had some bumps. In May, the company said it topped 135 million customers and broke $5 billion in revenue for the first time. Net income came in at $871 million, with return on equity at 29%. “Rebuilding banking around AI,” Vélez said. Still, credit loss allowances hit $1.79 billion, up 33% on the quarter. The 15-to-90-day overdue-loan ratio was 5.0%. Nu International
No clear sector read across from peers. MercadoLibre picked up around 0.6% and StoneCo was up about 1.1%, but Inter & Co dropped 1.6%. The moves suggest Nu is mostly trading on its own story, with buyback support, leadership risk and credit questions in the mix, not following one big Latin American fintech trend.
But the risks are clear. Brazil credit losses could keep rising. Investors might just see the buyback as a move to counter dilution. If the CFO transition leads to weaker market messaging, $1 billion might not be enough to support the shares. There are spending needs as the company pushes into Mexico, Colombia, and the United States, where success at scale is still unproven.
Traders this week are eyeing if the stock stays above last week’s low, as well as any update from Nu on buyback plans or what the company says about the July CFO change before earnings. Growth is still in the stock. The question is what price the market is willing to pay for it.
