Nu Holdings Ltd (NU) shares rose 1.6% despite broader market weakness following President Trump's announcement of plans to raise global tariffs to 15%. Banking sector shares generally traded lower on this news. The positive movement for NU occurred amid company announcements of expansion plans. On January 26, Nubank announced an investment of approximately R$ 2.5 billion (USD 475 million) over the next five years to expand and improve offices in Brazil, with new locations planned in Campinas, Rio de Janeiro, and Belo Horizonte. Additional expansions are planned for Mexico City, Bogotá, Washington D.C., and Buenos Aires. The company also announced a multi-year partnership with the Mercedes-AMG PETRONAS F1 Team on January 21 to expand brand reach globally. Nu Holdings serves 127 million customers across Brazil, Mexico, and Colombia, with revenue growth exceeding 20% to $6.36 billion in the past year.
Read full analysisNu Holdings Ltd (NU) shares rose 1.6% despite broader market weakness following President Trump's announcement of plans to raise global tariffs to 15%. Banking sector shares generally traded lower on this news. The positive movement for NU occurred amid company announcements of expansion plans. On January 26, Nubank announced an investment of approximately R$ 2.5 billion (USD 475 million) over the next five years to expand and improve offices in Brazil, with new locations planned in Campinas, Rio de Janeiro, and Belo Horizonte. Additional expansions are planned for Mexico City, Bogotá, Washington D.C., and Buenos Aires. The company also announced a multi-year partnership with the Mercedes-AMG PETRONAS F1 Team on January 21 to expand brand reach globally. Nu Holdings serves 127 million customers across Brazil, Mexico, and Colombia, with revenue growth exceeding 20% to $6.36 billion in the past year.
Nu Holdings operates Nubank, one of the world's largest digital banking platforms, serving over 127 million customers in Brazil, Mexico, and Colombia with fee-free accounts, credit cards, lending, and investment products. The company recently received conditional OCC approval to establish a US national bank and has announced a multi-year partnership with the Mercedes-AMG PETRONAS F1 Team to expand global brand reach. Q4 2025 earnings are due February 25, with the stock attempting to stabilize after losing roughly 7.6% in Monday's tariff-driven financials selloff.