Friday's ETF with Unusual Volume: OMAH
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2025
0mins
Source: NASDAQ.COM
ETF Performance Highlights: The ETF with the highest volume on Friday included NU Holdings, up 2% with over 34.8 million shares traded, and AMAZON.COM, rising 1.3% with over 28.5 million shares. Verisign performed best with an 8.2% increase, while AON saw a decline of 7.8%.
Market Commentary: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
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Analyst Views on NU
Wall Street analysts forecast NU stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 14.060
Low
16.00
Averages
18.80
High
22.00
Current: 14.060
Low
16.00
Averages
18.80
High
22.00
About NU
Nu Holdings Ltd is a Brazil-based holding company, which engages in the provision of digital banking services. The Company offers its customers products across the five financial seasons: spending, saving, investing, borrowing, and protecting. Its spending solutions are designed to help customers pay for goods and services in their everyday lives with a customized credit line or instantly through a mobile phone, while collecting loyalty points and rewards on applicable transactions. Its savings solutions are designed to help customers deposit, manage, and save their money in interest-earning accounts with complementary debit cards. Its investing solutions are designed to help customers invest their money in investment products and services. Its borrowing solutions are designed to provide customers with unsecured loans that are easy to receive, manage, and pay back. Its protecting solutions are designed to help customers secure life insurance and funeral benefits.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Customer Growth Continues: Nu Holdings added four million customers in Q1 2026, bringing the total to 135 million, with 15 million in Mexico, making it the third-largest financial institution in the country, showcasing its strong expansion potential in Latin America despite slowing growth in Brazil.
- Significant Revenue Increase: Average revenue per active customer (ARPAC) rose from $12 last year to $16 in Q1 this year, including 16 million new customers over the past 12 months, indicating the company's successful strategies in cross-selling and upselling.
- Market Share Expansion: While Nu has a high penetration rate in Brazil, it is actively targeting upper-income demographics and has secured bank charters in Brazil and Mexico, further broadening its market opportunities as it prepares to enter the U.S. market.
- Stock Price Volatility Impact: Despite a 20% drop in Nu's stock price in the first half of 2026, it currently trades at 22 times trailing 12-month earnings, presenting a potential buying opportunity for long-term investors, although the analyst team did not include it in their current top stock picks.
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- Market Decline: The NASDAQ 100 Pre-Market Indicator fell by 262.43 points to 29,435.44, indicating a weak market sentiment that could impact investor confidence and short-term trading strategies.
- Crinetics Pharmaceuticals Surge: The stock of Crinetics Pharmaceuticals rose by 41.57 points to $83.60, with a trading volume of 18,383,832 shares, demonstrating strong market demand and investor interest, which may attract more capital inflow.
- NVIDIA Stock Recommendation: Despite NVIDIA's stock price dropping by 2.95 points to $192.60 with a volume of 3,773,031 shares, Zacks reports that its current mean recommendation is in the “buy range,” indicating analysts' optimism about its long-term prospects.
- Intel Under Pressure: Intel's stock fell by 4.04 points to $118.16, with a trading volume of 2,406,420 shares, and its current price exceeds the target price by 118.16%, reflecting market concerns about its future performance, which may affect investor confidence.
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- Stock Decline: Nu Holdings' shares fell 20% in the first half of 2026 according to S&P Global Market Intelligence, reflecting a decline in investor confidence amid increasing competition and economic concerns, despite no specific negative news.
- Sustained Customer Growth: The company added four million customers in Q1 2026, bringing its total to 135 million, with 15 million in Mexico, making it the third-largest financial institution in the country, indicating strong growth potential in Latin America despite slowing growth in Brazil.
- Revenue Increase: Average revenue per active customer (ARPAC) rose from $12 last year to $16 this year in Q1, including 16 million new customers over the past year, showcasing the company's success in cross-selling and upselling strategies.
- Market Expansion Opportunities: Nu is obtaining bank charters in Brazil and Mexico, widening its market opportunities, and has received initial approval for a bank charter in the U.S., indicating potential growth in Latin American-adjacent communities in Southern states.
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- Nu's Growth Potential: In FY 2025, Nu achieved revenue of nearly $16.2 billion, representing a 45% year-over-year increase, with net income close to $2.9 billion and a net margin of approximately 18.1%, showcasing its strong growth potential in the Latin American digital banking market.
- OneMain's Stability: OneMain reported revenue of about $6.2 billion in FY 2025, a 9.1% increase, with net income around $783 million; while its growth rate lags behind digital peers, its focus on nonprime borrowers allows for consistent profitability.
- Risk Analysis: Nu faces regulatory and macroeconomic risks in Brazil that could impact user growth and credit quality, whereas OneMain's high debt-to-equity ratio of approximately 6.7x and reliance on nonprime borrowers make it more vulnerable in uncertain economic conditions.
- Valuation Comparison: Despite Nu's forward P/E ratio of 15.9x reflecting its higher growth expectations, OneMain's lower entry point at 8.3x suggests a more accessible investment, yet Nu's digital scale and market potential position it as a more attractive long-term investment.
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- Customer Growth Momentum: Nu is projected to reach 135 million customers by early 2026, demonstrating strong expansion in the Latin American market, particularly in Brazil, Mexico, and Colombia, which further solidifies its position as a digital banking leader.
- Impressive Financial Performance: In FY 2025, Nu reported nearly $16.2 billion in revenue, a 45% increase year-over-year, with net income close to $2.9 billion and a net margin of 18.1%, indicating effective cost control and profitability during rapid expansion.
- Stability of OneMain: OneMain generated approximately $6.2 billion in revenue for FY 2025, reflecting a 9.1% growth, and while its growth is slower than digital peers, its focus on the nonprime borrower market ensures consistent profitability with a net margin of 12.5%.
- Risks and Challenges: Nu faces regulatory and macroeconomic risks in Brazil, while OneMain is under intense scrutiny from the CFPB and has a high debt-to-equity ratio, which could impact both companies' performance and investment appeal in their respective markets.
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- User Adoption Rate: According to NPS Prism's research, approximately 30% of Brazil's population chose Nubank as their primary financial institution in Q4 2025, indicating a significant increase in financial inclusion and user trust nationwide.
- Coverage Reach: Nubank has banked 31.5 million people, equivalent to nearly one in five adults in Brazil, with its influence particularly pronounced in areas lacking physical banks, thereby promoting broader access to financial services.
- Credit Contribution: In 2025, Nubank's credit accounted for 6.8% of GDP in the Northeast region, exceeding 8% in some states, highlighting Nubank's critical role in local economies and its positive impact on credit supply.
- Cost Savings: By 2025, Nubank customers are estimated to have saved R$ 134.7 billion in fees and annual charges, enhancing consumer financial health and showcasing the advantages of digital financial services.
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