Nu Holdings (NU) Stock Hits 52-Week Low as CFO Change Rattles Market

TLDR

• Nu Holdings hit a 52-week low of $11.72, down 26% over the past six months and 22% year-to-date.
• Q1 2026 earnings per share came in at $0.18, missing the $0.20 forecast by 10%, though revenue hit a record $5 billion.
• Rob Livingston, former Visa CFO for North America, is replacing Guilherme Lago as CFO effective July 13.
• BofA Securities downgraded NU to Underperform and cut its price target from $16 to $10.
• InvestingPro flags the stock as undervalued, citing a PEG ratio of 0.42.

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Nu Holdings just had a rough week — and it shows in the stock price.

Nu Holdings Ltd., NU

NU stock fell to a 52-week low of $11.72 on June 2, trading just above that level at $11.85. The stock has dropped 26% over the past six months and is down 22% so far in 2026. That’s a tough stretch for a company with a $63.15 billion market cap.

The selloff accelerated after the company confirmed a CFO transition. Guilherme Lago, who has been with Nu for seven years and spent five of those as CFO, is stepping down. He’ll move into a special advisor role covering the audit and risk committees.

Taking his place is Rob Livingston, who most recently served as Visa’s CFO for North America. He also held roles at Capital One Financial. Livingston joins officially on July 13 and will be based in the US — a geographic detail that isn’t incidental.

Why the US Matters for Nubank Right Now

Nu Holdings, the Brazilian fintech that operates as Nubank, has already received conditional approval to launch a bank in the United States. That’s a big deal, and it’s clearly behind the decision to bring in someone with Livingston’s North American background.

CEO David Vélez said Livingston brings “a clear view of the US” and deep knowledge of global financial institutions. With more than 135 million clients across Latin America, the company now wants to show it can grow beyond its home turf.

As part of the restructuring, Nu will also create a dedicated Brazil CFO role — meaning Livingston won’t be handling everything from São Paulo. The company has active operations in Brazil, Mexico, and Colombia, with each market at a different stage.

Earnings Miss Adds Pressure

The CFO news landed around the same time as Q1 2026 results, and those results were mixed.

Nu reported revenue of $5 billion — a record and a 41% year-over-year increase. Net income came in at $871 million. On the surface, those numbers look strong.

But earnings per share of $0.18 missed the $0.20 forecast by 10%. For a stock already under pressure, that’s not a great look.

BofA Securities moved quickly. Analyst Mario Pierry downgraded NU from Neutral to Underperform and slashed the price target from $16 to $10. His concern centers on the timing of the leadership change, given Nu’s current credit market challenges in Brazil and its push into newer, less tested markets.

The downgrade added weight to an already difficult session for the stock.

Not everyone is bearish. InvestingPro notes the stock looks undervalued at current levels, pointing to a PEG ratio of 0.42 — a number that suggests the market may be underpricing Nu’s growth potential relative to peers.

After the regular session close, NU slipped an additional 0.6% to $12.91 in extended trading.

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