New York, Feb 13, 2026, 08:23 EST — Premarket
- NU down about 0.5% premarket; shares fell 2.1% on Thursday
- Nu’s Mexico unit detailed a US$4.2 billion investment plan through 2030 ahead of a full bank launch
- Focus shifts to U.S. CPI and Nu’s Feb. 25 earnings after the close
Nu Holdings Ltd shares edged down in premarket trading on Friday, two days after the company’s Mexico unit laid out a long-term investment plan as it prepares to become a full bank. The stock was last down 0.5% at $16.96, after finishing Thursday down 2.1% at $17.04. (StockAnalysis)
Mexico is the group’s biggest growth bet outside Brazil, and the company is putting numbers on what it expects to spend to get to scale. At the same time, traders are bracing for U.S. inflation data that can shift rate expectations and, by extension, the appetite for high-growth financial names.
Nu Mexico said it expects total investments in the country to reach US$4.2 billion by 2030, including an estimated US$2.5 billion of strategic spending over the next four years, as it nears 14 million customers. CEO Armando Herrera called Mexico “a clear example” of the model and said, “Our commitment to Mexico is long-term,” as the unit heads toward full banking operations in 2026 following a banking license approved in April 2025. (Nu International)
The broader tape has been jumpy. U.S. stock index futures were little changed ahead of the Consumer Price Index report for January, due at 8:30 a.m. ET, after a sharp selloff in Thursday’s session. BNY’s head of markets macro strategy Bob Savage wrote that the key question is whether “today’s surge in capex” can turn into “durable earnings growth.” (Reuters)
For Nu, the Mexico spending plan adds detail to a story investors already track: how quickly the company can deepen relationships beyond credit cards and turn deposits into cheaper funding. The plan also raises the near-term question of costs, since the heaviest spending is front-loaded.
There’s a catch. Bigger budgets do not guarantee cleaner execution, and the Mexico timeline still runs through regulatory checks and a full bank launch that can slip. If inflation surprises to the upside and pushes yields higher, the stock’s multiple could take the hit first.
Investors will also keep an eye on credit quality trends and funding costs as Nu leans into growth markets. Higher investment can support product rollouts, but it can also squeeze profitability if customer acquisition costs rise or deposits lag expectations.
Next up is Nu’s quarterly update. The company is scheduled to report Q4’25 earnings on Feb. 25 after market close, with a conference call set for 5 p.m. ET, according to its investor relations site. (Investidores)
