Nu is no longer just a “Brazilian digital bank.” In recent quarters it has looked more like a financial platform that can grow users fast, improve profit per customer, and expand beyond Brazil. That mix is why more investors compare Nu to higher-quality US fintech and bank models, where scale and profitability are rewarded with better valuations.
A major 2026 step is strategic, not overnight growth. Nu has announced conditional approval to form a US national bank. This does not mean a full US launch tomorrow, but it is an important signal. A national bank path can lead to cheaper funding, a broader product set, and a stronger reputation as a full-service bank. If Nu executes, it also increases competitive pressure on US banks, especially where pricing and user experience matter.
Top points of analysis
The nearest catalyst is earnings day on February 25, 2026 and market expectations around earnings per share of approximately $0.18.
In the last reported quarter, the company delivered record…