On June 9, Nu Holdings rose 3.15% in regular trading, trading at approximately $12.02/share, with trading volume of $115 million. The stock continued its recovery from recent lows driven by a previously announced share repurchase program.

On the news front, Nu Holdings' board had approved a share repurchase program of up to $1 billion in Class A ordinary shares over a 12-month period. The company stated that the buyback reflects its capital allocation policy, as current operations generate significant capital surplus. The stock had previously plunged over 12% following the departure of CFO Guilherme Lago — who oversaw the company's NYSE listing — and a Susquehanna downgrade from positive to neutral with a target price cut from $18 to $13, citing weakening margins and a new capital investment cycle.

Sector-wide strength further supported the rebound, with the Diversified Banks industry showing broad gains. Among peers, JPMorgan Chase rose 1.32%, Bank of America gained 1.62%, Citigroup climbed 1.15%, Wells Fargo added 1.83%, and Credicorp surged 12.37%.

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