Nu Holdings up after dismissing Monzo deal speculation

By Reuters News08:42 (UTC), 1 October 2026 Updated

** US-listed shares of Brazilian digital bank Nu Holdings NU.N rise 3.55% to $13.11 premarket

** Co says it is not pursuing a deal with Monzo, after some media reports said it was in early-stage talks to buy the British digital bank

** The statement eased investor concerns over a potentially costly acquisition

** Sky News reported last week that a deal could have valued Monzo at up to £10 billion ($13.2 billion)

** Nu says its capital allocation framework is unchanged and remains focused on growth in Brazil, Mexico and Colombia

** 15 of 18 brokerages rate the stock "buy" or higher, 2 "hold" and 1 "sell"; their median PT is $19, according to LSEG-compiled data

** As of last close, NU stock down 24.37% YTD

(£1 = $1.3220)

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