<div id="readability-page-1"><p>Shares of Nu Holdings (NU), the parent company of digital bank Nubank, fell by 4.5% in pre-market trading on Tuesday after BofA Securities analyst Mario Pierry downgraded the stock to Underperform (equivalent to Sell) from Neutral and cut its price target by about 37% to $10 from $16.</p><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.  </li><li>Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter </li></ul> <p>The downgrade followed Nu's announcement that Chief Financial Officer Guilherme Lago will step down from the role on July 13 and move into a special advisor position. He will be replaced by Rob Livingston, a former Visa (V) executive.</p> <h2><strong>BofA Calls CFO Change a &#34;Negative Surprise&#34;</strong></h2> <p>Pierry described the leadership change as a &#34;negative surprise&#34; and said Lago was one of Nu's most important executives.</p> <p>According to the analyst, Lago helped lead the company's IPO and played a key role in maintaining financial discipline as the business grew rapidly and became more profitable. He was also a key contact for investors and shareholders.</p> <p>While BofA views Livingston's financial services experience as a positive, the firm believes the timing of the transition creates uncertainty. The analyst noted that Nu is facing a more challenging credit environment in Brazil while continuing to expand in Mexico and Colombia.</p> <p>Nu said Livingston brings more than 30 years of experience in financial services and most recently served as CFO of Visa's North America business. Meanwhile, Lago is expected to remain with the company through the end of August to help support the leadership transition.</p> <h2><strong>Is NU Stock a Good Buy?</strong> </h2> <p>Overall, Wall Street analysts have a Moderate Buy consensus rating on NU stock based on four Buys and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NU price target of $16.73 per share implies 28.76% upside potential.</p></div>

<p>Nu Holdings (NU) shares fell 4.5% in pre-market trading after BofA downgraded the stock to Underperform and slashed its price target by 37% to $10. The downgrade followed CFO Guilherme Lago's departure, which BofA termed a 'negative surprise' due to timing uncertainty amid Brazil's challenging credit environment. He will be replaced by former Visa executive Rob Livingston.</p>

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

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BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

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Nu Holdings (NU) Stock Falls after BofA Downgrades to Sell and Slashes Price Target by 37%