The Zhitong Finance App learned that on Friday, Nu Holdings (NU.US) surged more than 11%, the biggest one-day increase in a year, and is now reported at $15.49. Nu Holdings' stock price soared, mainly driven by extremely impressive results for the second quarter of FY2026 released after the previous trading day. The Latin American digital banking giant reports that its net profit in a single quarter surpassed $1 billion for the first time, up 49% year over year, easily surpassing the market's unanimous expectations. Revenue growth was also strong. Total revenue beat Wall Street expectations, and earnings per share were better than expected. This excellent financial performance is a sharp reversal of the credit cost haze of previous quarters, providing direct fundamental support for a major revaluation of stock prices.
A key catalyst behind the bullish momentum is a significant expansion in profit margins and the stabilization of credit quality. Driven by a month-on-month decline in credit costs and improvements in early overdue indicators, risk-adjusted net interest spreads widened to record highs, easing market concerns about non-performing loans. Operating metrics further highlight the platform's compound efficiency advantages. The number of global customers increased to nearly 139 million, while the average monthly revenue and user activity of active customers continued to rise. Management's efforts to increase efficiency, in line with the release of the new share repurchase plan, further demonstrated strict capital discipline and long-term confidence.