Nu Holdings Announces $1 Billion Share Buyback As Shares Rise

Nu Holdings Ltd. (NYSE: NU ) shares are up during Thursday’s session. The company disclosed a share repurchase program of up to $1.0 billion . The Board of Directors of Nu Holdings has approved a share repurchase program that will be conducted over a 12-month period starting June 4, 2026. This move comes as part of a strategic capital allocation policy, indicating that Nu’s operations are generating significant capital, which the Board believes is best utilized through share buybacks. The company's confidence may be driven by the strong top-line growth reported last month. In May, Nu Holdings reported first-quarter revenue of $5.32 billion, up 42% year-over-year, beating a consensus of $5.04 billion, according to data  from Benzinga Pro. This marked the first time Nu Holdings had quarterly revenue of $5 billion or more. New CFO Named Nu Holdings on Monday  announced  the appointment of  Rob Livingston  as chief financial officer, effective July 13. Livingston joins from  Visa Inc.   (NYSE: V ), where he served as CFO for North America, and succeeds  Guilherme Lago , who will transition to a special advisor role. The company said the ... Full story available on Benzinga.com