Nu Holdings' 21% August Surge on Q2 Gains and Expansion Hopes Can't Lift Trading Volume to Top 100 as Investor Caution Lingers

On September 4, 2025, Nu Holdings (NU) closed with a 0.20% decline, trading on a volume of $0.67 billion, ranking 138th in the market. Despite this, the stock had surged 21% in August, driven by strong second-quarter results and expansion rumors.

The digital bank reported 4.1 million new customers in Q2, bringing total to 122.7 million, an 18% YoY increase. Brazil accounts for 60% of its adult population, with significant growth in Mexico and Colombia. Financial metrics show 41% deposit growth, 33% net interest income increase to $2.1 billion, and a 42% rise in net income to $637 million, aided by cost efficiency.

Speculation about a potential acquisition of Argentina's Brubank fueled market optimism. CEO David Velez highlighted long-term expansion goals, positioning Nu to compete globally. However, recent price action suggests cautious investor sentiment despite the stock's valuation at 17 times forward earnings.