Brazil's Nu jumps after Q2 results beat expectations

Nu Holdings

14/08/2026 13:19

** Brazilian digital lender Nu Holdings' U.S.-listed shares NU.N jump 12.5% to $15.66 premarket
** NU late Thursday swept past expectations for Q2 results as its profit surpassed $1 billion for the first time 
** Jefferies says NU delivered a solid set of results in Q2 and tone of the conference call was constructive across several fronts
** "In hindsight, Q226 would have been an ideal quarter to announce the CFO transition, sparing investors three months of a negative narrative around the stock that ultimately proved detached from operating fundamentals" - Jefferies
** 15 of 18 brokerages rate the stock "buy" or higher, 2 "hold" and 1 "sell"; median PT $18.45 - data compiled by LSEG
** As of last close, NU stock down 16.8% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))