17 hours ago
5
Rick Munarriz, The Motley Fool
Wed, June 3, 2026 astatine 10:53 AM CDT 4 min read
This week is not going good for maine and my chap Nu Holdings (NYSE: NU) investors. Shares of NuBank's genitor institution deed a caller 52-week intraday debased connected Tuesday. The banal has fallen 9% implicit the archetypal 2 days of the trading week, a opposition to the back-to-back days of flimsy marketplace upticks.
Nu and respective Latin American fintech stocks person fallen retired of favour lately. Nu Holdings shares person plummeted astir 30% truthful acold successful 2026. You tin blasted economical instability and intensifying contention arsenic factors for the cooling, but this week the catalyst for the markdown is beauteous clear. Nu has a caller CFO, and that was capable to person 2 large analysts downgrade the Brazilian fintech leader.
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Out with the old, successful with the Nu
Bank of America analysts led by Mario Pierry downgraded Nu Holdings banal connected Tuesday, from neutral to underperform. The steadfast wasn't bullish before, but present Pierry is solidly bearish connected the stock's near-term prospects. Adding insult to injury, he's slashing the terms people from $16 to $10, little than wherever the banal began trading connected Wednesday, adjacent aft the Tuesday sell-off.
The sound connected Nu centers chiefly connected the astonishment power of its CFO. Guilherme Lago -- who had been CFO since 2021 -- is leaving the company. He was instrumental successful taking Nu nationalist aboriginal that twelvemonth and ushered successful the fiscal subject that helped Nu present accelerated and high-margin growth.
His replacement isn't chopped liver. Rob Livingston was Visa's CFO for North America, its largest business. His 3 decades of acquisition spanned chiefly crossed North America, Europe, and Asia. It's not Latin America, but with Nu's caller exertion for U.S. banking charter -- and aft securing naming rights for Miami's Lionel Messi-led Major League Soccer stadium -- North American enlargement is inevitably portion of its future.
A satellite of accidental
Pierry's concerns spell beyond conscionable the alteration for a cardinal enforcement role. BofA is acrophobic astir rising recognition concerns successful Brazil, heightened competitory pressures, and however rising nonaccomplishment provisions volition compression Nu's nett margin. These are each morganatic knocks, but BofA had already lowered its terms people from $17 to $16 conscionable 2 weeks agone owed to concerns astir contracting profitability.
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