New York, June 1, 2026, 08:01 (EDT)
Nu Holdings Ltd. traded at $13.13 ahead of the New York market open on Monday, steady with its last close. The shares have gained 3.14% over five days, but they are still down 21.57% since January. At that price, Nubank’s parent is valued at roughly $62.8 billion.
Market activity was still light ahead of the main session. NYSE’s core hours are 9:30 a.m. to 4:00 p.m. Eastern, following pre-open trading from 6:30 a.m. Monday’s market open will be the first clear read on last week’s bounce.
Investors are now focused on growth outside Brazil versus the cost of speeding up lending. Nu Colombia last week said it hit 5 million customers and is planning to invest about COP 473 billion, or $130 million, in 2026. “Five million people in Colombia have chosen Nu,” general manager Marcela Torres said. Nu International
Colombia isn’t Brazil for Nu, but the expansion there is a test of the same digital banking model the firm is rolling out in Latin America. S&P Global Market Intelligence puts Nu at number 15 by assets among the region’s biggest banks. Traditional players like Itaú Unibanco, Banco do Brasil, and Banco Bradesco stayed at the top.
Nu (NU) trades in New York and offers digital banking services—spending, savings, investing, loans, and protection—Reuters company data shows. Bulls point to the mix: more users on more products. Fewer branches keep costs down and the platform collects more credit data.
Risk is showing up in Nu’s first-quarter results. The company’s 15-to-90-day non-performing loan ratio went up to 5.0%. Credit loss allowances jumped 33% to $1.79 billion from the last quarter. Its risk-adjusted net interest margin fell again, dropping to 9.5% from 10.5%. Revenue still cleared $5 billion and net income came in at $871 million.
Management said the move was not a signal of changing credit quality. On the call, Morgan Stanley’s Jorge Kuri pointed to the data on delinquencies, provisions and expenses, saying it would “go a long way” to helping investors get the real picture. JPMorgan analyst Yuri Fernandes asked if higher reserves meant the outlook was getting worse. CFO Guilherme Lago replied the provisions did not mean there was “any directional outlook” for the credit cycle. Investing.com
Analysts keep a positive tilt, but targets have come down. Out of 21 analysts polled by S&P Global, StockAnalysis points to a “Strong Buy” call and an average price target of $19.39. Morgan Stanley’s Jorge Kuri put his target at $13 as of May 26. Bank of America’s Mario Pierry dropped his number to $16 with a Hold, and UBS’s Thiago Batista lowered his to $17 but stayed at Buy. StockAnalysis
NU is set up for a split read this week. A solid open would show investors are focusing on Colombia, Mexico break-even, and Brazil’s scale. If shares open weak, it signals the market is still waiting to see if faster credit growth holds up margins.
Nu is back to trading more like a lender than a pure fintech play right now. Investors may focus less on customer numbers from here, and more on whether Nu can keep growing its loan book without paying too much to take on more risk.
