Nu Holdings Ltd is trading 4.2% up at $12.12 after its board approved a $1 billion Class A share repurchase program.
- The program is scheduled to begin on June 4, 2026, supported by strong internal capital generation and disciplined capital allocation.
- The move signals management's confidence in the company's profitability and excess capital, helping shares rebound from recent price weakness.
- The stock's gains come despite a mixed broader market backdrop and a general sector rotation out of technology stocks.