Nu Holdings Announces $1 Billion Buyback Following 11% Three-Day Share Drop
NU•Nu Holdings authorized a $1 billion share repurchase over 12 months, citing strong capital generation and sustained funding for growth in Brazil, Mexico, Colombia, and the United States. The announcement reversed a three-session 11% slump and followed an underperform downgrade and price-target cut after appointing a new CFO.
1. Share Repurchase Program
Nu Holdings’ board approved a share repurchase program of up to $1 billion to be executed over the next 12 months. The company cited strong capital generation and reaffirmed full funding for growth projects in Brazil, Mexico, Colombia and the United States.
2. CFO Transition and Downgrade
Former Visa executive Rob Livingston will succeed CFO Guilherme Lago next month, triggering concerns over leadership continuity. A major brokerage downgraded the shares to underperform and cut its price target after labeling the CFO change a negative surprise.
3. Stock Performance and Retail Sentiment
Shares rose over 4% on the buyback news after falling more than 11% in the prior three sessions to the lowest levels since May 2025. Retail investors turned extremely bullish, with online message volumes surging and some predicting a rise toward $13.
