Nu Receives Approval for New Bank Nubank, N.A.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Nu announced that it has received conditional approval from the Office of the Comptroller of the Currency of the United States for the formation of a de novo national bank, Nubank, N.A. Nu has now entered the bank organization phase, which involves satisfying specific OCC conditions alongside pending required approvals from the FDIC and the Federal Reserve. During this phase, the company will focus on fully capitalizing the institution within 12 months and opening the bank within 18 months, as required by regulators, the company stated. "Receiving federal approval for a national bank charter is a significant step in our journey to becoming a solid, compliant, and competitive regulated institution in the US. We look forward to delivering the transparent, efficient financial experiences already trusted by more than 127 million customers around the world to our future customers in the US," said Nu's co-founder Cristina Junqueira, CEO of the emerging U.S. business.
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Analyst Views on NU
Wall Street analysts forecast NU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NU is 18.80 USD with a low forecast of 16.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 18.760
Low
16.00
Averages
18.80
High
22.00
Current: 18.760
Low
16.00
Averages
18.80
High
22.00
About NU
Nu Holdings Ltd is a Brazil-based holding company, which engages in the provision of digital banking services. The Company offers its customers products across the five financial seasons: spending, saving, investing, borrowing, and protecting. Its spending solutions are designed to help customers pay for goods and services in their everyday lives with a customized credit line or instantly through a mobile phone, while collecting loyalty points and rewards on applicable transactions. Its savings solutions are designed to help customers deposit, manage, and save their money in interest-earning accounts with complementary debit cards. Its investing solutions are designed to help customers invest their money in investment products and services. Its borrowing solutions are designed to provide customers with unsecured loans that are easy to receive, manage, and pay back. Its protecting solutions are designed to help customers secure life insurance and funeral benefits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Comparing Investment Opportunities: JPMorgan Chase vs. Nu Holdings
- Stock Performance: JPMorgan Chase has achieved a total return of 156% over the past five years, indicating strong performance in the financial sector; however, its current price-to-book ratio of 2.4 is 33% above its five-year average, prompting investors to exercise caution.
- Financial Health: In Q4 2025, JPMorgan Chase reported a 7% year-over-year revenue growth with a net profit margin of 31%, showcasing its excellent risk management and operational discipline, which, despite its high stock price, continues to attract market interest.
- Nu Holdings Growth Potential: Nu Holdings, a digital bank, boasts 110 million customers, representing 60% of Brazil's adult population, and achieved a remarkable 42% revenue growth in Q3 2023, highlighting its strong expansion potential in the Latin American market.
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