Nu Holdings up after dismissing Monzo deal speculation

Nu Holdings

01/10/2026 09:42

** US-listed shares of Brazilian digital bank Nu Holdings NU.N rise 3.55% to $13.11 premarket
** Co says it is not pursuing a deal with Monzo, after some media reports said it was in early-stage talks to buy the British digital bank
** The statement eased investor concerns over a potentially costly acquisition
** Sky News reported last week that a deal could have valued Monzo at up to £10 billion ($13.2 billion)
** Nu says its capital allocation framework is unchanged and remains focused on growth in Brazil, Mexico and Colombia
** 15 of 18 brokerages rate the stock "buy" or higher, 2 "hold" and 1 "sell"; their median PT is $19, according to LSEG-compiled data
** As of last close, NU stock down 24.37% YTD

(£1 = $1.3220)



 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))