US Stock Market Move | Q2 performance exceeded expectations, Nu Holdings (NU.US) surged over 11%.

On Friday, Nu Holdings (NU.US) surged over 11%, marking its largest single-day gain in a year, now priced at $15.49. The significant rise in Nu Holdings' share price was mainly driven by the extremely impressive second-quarter results for the fiscal year 2026 released after the previous trading day's close. The Latin American digital banking giant reported that its net profit for a single quarter has surpassed $1 billion for the first time, a year-on-year increase of 49%, easily exceeding market consensus expectations. Revenue growth was also strong, with total revenue surpassing Wall Street forecasts, and earnings per share outperforming expectations as well. This outstanding financial performance sharply contrasts with the cloud of credit costs that hung over the previous quarters, providing direct fundamental support for the significant revaluation of the stock price. A key catalyst behind the bullish momentum is the significant expansion of profit margins and the stabilization of credit quality. Boosted by a decline in sequential credit costs and an improvement in early delinquency indicators, the risk-adjusted net interest margin expanded to a historical high, alleviating market concerns about non-performing loans. Operational metrics further highlighted the platform's composite efficiency advantages, with the global customer base growing to nearly 139 million, while average monthly revenue per active customer and user engagement continued to rise. The management's efforts in improving efficiency, combined with the announcement of a new stock buyback plan, further demonstrated rigorous capital discipline and long-term confidence.