New York, Feb 13, 2026, 08:23 EST — Premarket
- NU slipped roughly 0.5% before the bell; the stock dropped 2.1% Thursday.
- Nu’s Mexico arm laid out plans to pour US$4.2 billion into the market through 2030, just before its full banking rollout.
- Traders now eye U.S. CPI numbers and Nu’s earnings, set for release after the Feb. 25 close.
Shares of Nu Holdings Ltd slipped 0.5% to $16.96 in premarket trading Friday, following a 2.1% drop to $17.04 on Thursday. That move comes two days after the company’s Mexico arm announced a long-range investment push as it gets ready to operate as a full-fledged bank. 1
Mexico stands out as the group’s largest growth wager beyond Brazil, and now the company has spelled out its planned spend to reach scale there. But attention is also locked on upcoming U.S. inflation figures—any shift could alter rate bets and ripple into demand for high-growth financial stocks.
Nu Mexico expects to pour a total of US$4.2 billion into the country by 2030, with about US$2.5 billion earmarked for strategic investments over the next four years, as the company closes in on 14 million customers. CEO Armando Herrera described Mexico as “a clear example” of the company’s approach, adding, “Our commitment to Mexico is long-term.” The banking unit is moving toward full operations in 2026, after securing a banking license in April 2025. 2
Choppy action in the broader tape. U.S. stock index futures hovered near flat before the January Consumer Price Index lands at 8:30 a.m. ET, after Thursday’s session took a hard hit. Bob Savage, head of markets macro strategy at BNY, put it this way: the issue now is if “today’s surge in capex” translates into “durable earnings growth.” 3
Nu’s Mexico spending plan gives investors more color on a familiar narrative: the race to move past credit cards and tap deposits for lower-cost funding. But the rollout also spotlights a near-term cost hit, with most of the outlay packed into the initial phase.
There’s a hitch. A larger budget won’t necessarily mean flawless execution, and rolling out in Mexico still hinges on regulatory approvals and a bank launch—delays are possible. Should inflation jump unexpectedly and lift yields, the stock’s multiple might be the first thing to fall.
Investors are watching credit quality and funding costs as Nu pushes deeper into growth markets. More spending may help launch new products, but if acquiring customers gets pricier or deposits fall short, profits could take a hit.
Nu will post its Q4’25 results on Feb. 25, after the bell. The investor relations site lists a 5 p.m. ET start for the earnings call. 4
