On August 11, Nu Holdings Ltd. declined 3.1% in regular trading, trading at $13.435/share, with turnover of $282 million. The stock continued to weaken ahead of its Q2 earnings report scheduled for August 13 after market close.
Market consensus expects Nu Holdings to report revenue of approximately $5.227 billion, representing 38.44% year-over-year growth, with adjusted EPS of $0.20, up 55.25% from the prior year. The cautious positioning follows a pattern of pre-earnings softness, as the stock had similarly declined 3.04% on August 7 amid sector-wide pressure. In Q1, the company reported EPS of $0.18 which missed the $0.19 consensus estimate, triggering a sharp post-results selloff. Additional headwinds include Citigroup's June downgrade to Neutral with a reduced $13 price target, citing margin weakness and elevated capital expenditure tied to the CFO transition and US expansion plans.
Within the Diversified Banks sector, peers traded mixed on the session: Bank of America down 0.05%, JPMorgan Chase up 0.38%, Wells Fargo up 0.09%, Citigroup up 0.61%, and Banco Santander up 0.48%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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