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By Victoria Pacheco, Igor Sodre and Marcela Ayres SAO PAULO, Sept 18 (Reuters) - Alice de Queiros was earning little more than Brazil's minimum wage of around $300 when Nubank, Latin America's largest
Pre-Market Stock Futures: Futures are trading higher as the Federal Reserve’s reckoning day has arrived. Interest rate futures tracked by CME FedWatch show a 92% chance of a 25-basis-point increase in the Fed funds rate today. That will push the funds rate to 3.75% to 4%. In addition, market watchers expect two more rate hikes […]
Since February 2026, Nubank has been in a holding pattern, posting a small return of 1.2% while floating around $15.16. The stock also fell short of the S&P 500’s 11.7% gain during that period.
Net income hit $1.1 billion while customer base grew to 139 million.
Nu Holdings Ltd (NU) surpasses $1 billion in quarterly net income for the first time, driven by record risk-adjusted margins and AI-powered growth.
NU says record risk-adjusted margins can stay near current levels as AI expands, credit holds firm and Mexico's banking push accelerates.
NU (NYSE:NU) reported second-quarter 2026 net income of $1.1 billion, its first quarter above the $1 billion mark, as customer growth, deeper engagement and expanding credit income supported profitability. Net income rose 49% year over year and 17% sequentially, while return on equity reached a reco
David Vélez of Nubank and Robin Vince of BNY will join the boards of both the OpenAI Foundation and OpenAI Group PBC
OpenAI has appointed two prominent financial executives from Nubank and BNY Mellon to its board of directors in preparation for a potential initial public offering.
OpenAI is adding David Vélez, founder and global chief executive of Nubank, a Latin American digital services firm, and Robin Vince, the chief executive of Bank of New York Mellon to its board of directors, the company said. Vince will chair the audit committee, OpenAI said. The company has worked to improve its corporate governance after a previous set of directors abruptly fired Chief Executive Sam Altman three years ago for what they described as a lack of candor in his communications, throwing the company into disarray.
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The Tiger Global-led round values the startup at $1 billion as it wires stablecoin rails directly into a federally chartered bank, aiming to modernize the correspondent-banking plumbing behind cross-border payments.
Brazilian digital lender Nubank said on Friday it was aware of an erroneous message sent to customers claiming the firm was liquidated by the country's central bank, adding the incident resulted from an "one-time operational error." In a statement, Nubank, which is listed in New York under Nu Holdings, said the incident was under internal investigation, and did not affect clients' data protection. Earlier on Friday, dozens of customers reported receiving a message from the lender, via app and e-mail, saying the firm had been liquidated by Brazil's central bank.
Robinhood Markets (NASDAQ: HOOD) jumped more than 8% during market hours on June 10, trading around $90 at press time. The rally followed a cluster of updates that landed in quick succession, spanning a major purchase, a fresh regulatory milestone, and strong monthly trading data. A regulatory ...
Nu Holdings Ltd (NU) reports a historic $5 billion revenue and significant international growth, while navigating challenges in credit provisions and secured lending.
Digital banking platform Nubank (NYSE:NU) will be reporting results this Thursday after market hours. Here’s what investors should know.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...
Guilherme Souto: Thank you, operator, and thank you, everyone, for joining our earnings call today. With me on today's call are: David Velez, our Founder, Chief Executive Officer and Chairman; and Guilherme Lago, our Chief Financial Officer. All financial metrics discussed and presented today reflect our managerial P&L framework, which we introduced in our fourth quarter 2025 results.
NU (NYSE:NU) executives said the digital banking company delivered another quarter of customer growth, revenue expansion and operating leverage, while emphasizing that higher credit provisions in the first quarter reflected seasonality, portfolio growth and product mix rather than deterioration in u
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