BELO HORIZONTE, Brazil, June 05, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc (Inter), (NASDAQ:INTR, B3: INBR32))), the premier Super App which provides financial and digital commerce services to more than 26 million customers, today announced the appointment of Claudia Farkouh Prado to its board of directors. Claudia brings over 25 years of expertise in law, M&A, corporate leadership, value creation, and risk management.  Claudia is currently an independent board member of B3 S.A. – Brasil, Bolsa, Balcão, the main financial exchange in Brazil, where she also serves as a coordinator on its Governance and Nomination Committee, and is a member of its Personnel and Compensation Committee and Susta

BELO HORIZONTE, Brazil, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Inter&Co (("Inter", NASDAQ:INTR), the premier Super App providing financial and digital commerce services to more than 25 million customers in Brazil and the US, announced today changes to the composition of its Board of Directors. These changes include the appointment of three new Directors and the retirement of two existing Directors, resulting in the expansion of the Inter&Co Board of Directors to ten members. Effective immediately, Antonio Kandir, Todd Crawford Chapman and Lorival Nogueira Luz Júnior have been appointed and join the Board under the Interim format until Inter's 2023 Annual General Meeting, to be held in April, w

BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024. Highlights: Record net income of R$ 223 million.10.4% ROE, surpassing the double-digit milestone.TPV increased 47% YoY, reaching R$ 290 billions. AuC reached R$ 105 billion, a 37% increase YoY. Inter&Co reported strong results with another quarter of increased profitability and consistent growth across its seven verticals. The results also show another important milestone: a 10.4% ROE. João Vitor Menin,

BELO HORIZONTE, Brazil, May 31, 2024 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ:INTR), the leading financial super app serving over 32 million customers across the Americas, is pleased to announce that Moody's has assigned Banco Inter in Brazil with first time AA+.br long-term issuer and deposit ratings, along with a stable outlook. These debut ratings from Moodys highlight Inter's strong financial position and reflect its expanding digital retail banking model and growth in profitability. Moody's report emphasized Inter's consistent expansion of operations while maintaining robust capital levels and low funding costs. The ratings also recognize Inter's strong risk management practices, with co

BELO HORIZONTE, Brazil, May 28, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), announces that Banco Inter S.A. entered into a share purchase agreement to acquire the remaining 50 percent of Granito, a merchant acquirer that provides financial services to more than 100,000 SMEs across Brazil. This transaction will bolster Inter's portfolio, generate operational synergies, and facilitate cross-selling opportunities within its robust financial super app. The transaction strengthens Inter's position as a preferred partner for entrepreneurs and businesses in Latin America's largest economy. Leveraging Granito's extensive SME offerings, Inter reinforces its value propositio

BELO HORIZONTE, Brazil, May 20, 2024 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ:INTR), the financial super app serving over 32 million customers across the Americas, announced today that S&P Global Ratings (S&P) has upgraded Banco Inter outlook to "Stable" and reaffirmed its "brAA+" local rating. In the report S&P stated that: "The stable outlook reflects our view that Inter&Co will continue to improve its profitability, providing greater stability to the business."  The outlook review was based on several factors such as the noted favorable perceptions for future profitability growth, improved profitability, revenue diversification and an increased loan portfolio. "This positive outlook revie

BELO HORIZONTE, Brazil, May 09, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the premier financial super app that provides financial and digital commerce services to over 31 million customers, today reported financial results for the first quarter of 2024. Highlights: Record net income of R$195 million. A 37% YoY increase in net revenue.Transactional Volume (TPV) increased to R$257 billion.A 5th consecutive quarter of increased account activations, reaching 54.9%. Inter&Co reported solid results across the board with marked increases in net revenues and profits, and notable improvements in its efficiency ratio and return on equity (ROE). João Vitor Menin, CEO of

BELO HORIZONTE, Brazil, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the premier Financial Super App that provides financial and digital commerce services to more than 30 million customers, today reported financial results for the fourth quarter of 2023. Key highlights: Inter&Co is significantly ahead of the 60-30-30 plan, 1 year after the announcementRecord Net Income of R$352 million and R$440 million in Earnings Before TaxSubstantial growth in client activation, reaching 54%, 135bps increase quarter over quarterStrong acceleration of loan growth, over four times higher than the Brazilian industry averageIncreasing Transactional Volume (TPV), with more t

Financial Super App secures long-term naming rights; Home of Orlando City SC and Orlando Pride to be renamed Inter&Co StadiumFirst-of-its-kind international partnership will bring new investment to Orlando clubs, venue, and community ORLANDO, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Inter&Co, a leading provider of financial and digital commerce services, Orlando City SC, and the Orlando Pride today announced a long-term agreement to name the teams' home venue Inter&Co Stadium. In September, Inter&Co became the Official Financial Institution of Orlando's Major League Soccer and National Women's Soccer League teams. The enhanced relationship in Orlando designates Inter&Co as the first inter

NEW YORK, Jan. 16, 2024 (GLOBE NEWSWIRE) -- INTER & CO, INC. (NASDAQ:INTR, B3: INBR32))) ("Inter&Co" or the "Company") announced, on the date hereof, the commencement of a follow-on public offering of up to 32,000,000 of its Class A common shares, which are being offered by the Company (the "Offering") pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the "SEC"). In connection with this Offering, the Company has granted the underwriters the option to purchase up to 4,800,000 additional Class A common shares. Inter&Co's shareholders do not have any right of preference or priority to subscribe for shares under the Offering. Inter&Co i

BELO HORIZONTE, Brazil, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Inter&Co has a new brand to reflect the company's evolution. Three years after its last rebranding, the institution is unveiling a new logo, consolidating its position as a financial Super App and a smarter financial choice for more than 30 million clients in Brazil and the United States. The new branding aim to support the company's business plan to reach 60 million customers by 2027, achieving an efficiency rate of 30% and a return on equity of 30% during the same period. The company's official website (www.inter.co/en/us) is already live with the updates and a new version of the Super App is available for download. Both have t

BELO HORIZONTE, Brazil, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc. (Inter), (NASDAQ:INTR, B3: INBR32))), a premier Super App offering financial and digital commerce services, today announced its client base has exceeded 30 million, marking a 24% jump year over year. This significant milestone in number of clients, including Brazilian and US customers, places the company ahead of its "60-30-30 Business Plan", presented early in 2023, which aims to reach 60 million clients by 2027 while maintaining a 30% efficiency ratio and achieving a 30% return on equity (ROE). ​​This announcement comes shortly after unprecedented third-quarter earnings report, where Inter&Co demonstrated a record

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

6-K - Inter & Co, Inc. (0001864163) (Filer)

U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday. Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat quarterly results. Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from Benzinga Pro. Western Alliance Bancorporation shares gained 7.2% to $76.16 on Friday. Here are some other big stocks recording gains in today’s session. Hawaiian Electric Industries, Inc. (NYSE:HE) shares

Citigroup analyst Rafael Frade reinstates Inter & Co (NASDAQ:INTR) with a Buy and announces $6.8 price target.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Redburn Atlantic analyst Hamilton Faber upgraded the rating for The Walt Disney Company (NYSE:DIS) from Sell to Neutral and announced a price target of $100. Disney shares fell 0.3% to close at $102.90 on Monday. See how other analysts view this stock. Morgan Stanley analyst James Faucette upgraded Global-E Online Ltd. (NASDAQ:GLBE) from Equal-Weight to Overweight, while raising the price target from $33 to $37. Global E Online shares gained 5.4% to settle at $30.69 on Monday. See how other analyst

Itau BBA analyst Pedro Leduc upgrades Inter & Co (NASDAQ:INTR) from Market Perform to Outperform and announces $8 price target.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Toast, Inc. (NYSE:TOST) from $18 to $20. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Toast shares fell 4.7% to close at $19.20 on Thursday. See how other analysts view this stock. Canaccord Genuity boosted Coinbase Global, Inc. (NASDAQ:COIN) price target from $140 to $240. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Coinbase shares gained 3.3% to close at $165.67 on Thursday. See how other analysts view this stock.

Citigroup analyst Rafael Frade downgrades Inter & Co (NASDAQ:INTR) from Buy to Neutral and lowers the price target from $6.3 to $6.

Goldman Sachs has decided to maintain its Buy rating of Inter & Co (NASDAQ:INTR) and raise its price target from $5.80 to $6.50. Shares of Inter & Co are trading down 0.18% over the last 24 hours, at $5.48 per share. A move to $6.50 would account for a 18.61% increase from the current share price. About Inter & Co Inter & Co Inc operates as a digital bank. The company's segment includes Banking & Spending; Investments; Insurance Brokerage; and Inter Shop & Commerce Plus. It generates maximum revenue from the Banking & Spending. About Analyst Ratings Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company

BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024. Highlights: Record net income of R$ 223 million.10.4% ROE, surpassing the double-digit milestone.TPV increased 47% YoY, reaching R$ 290 billions. AuC reached R$ 105 billion, a 37% increase YoY. Inter&Co reported strong results with another quarter of increased profitability and consistent growth across its seven verticals. The results also show another important milestone: a 10.4% ROE. João Vitor Menin,

BELO HORIZONTE, Brazil, May 09, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the premier financial super app that provides financial and digital commerce services to over 31 million customers, today reported financial results for the first quarter of 2024. Highlights: Record net income of R$195 million. A 37% YoY increase in net revenue.Transactional Volume (TPV) increased to R$257 billion.A 5th consecutive quarter of increased account activations, reaching 54.9%. Inter&Co reported solid results across the board with marked increases in net revenues and profits, and notable improvements in its efficiency ratio and return on equity (ROE). João Vitor Menin, CEO of

BELO HORIZONTE, Brazil, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the premier Financial Super App that provides financial and digital commerce services to more than 30 million customers, today reported financial results for the fourth quarter of 2023. Key highlights: Inter&Co is significantly ahead of the 60-30-30 plan, 1 year after the announcementRecord Net Income of R$352 million and R$440 million in Earnings Before TaxSubstantial growth in client activation, reaching 54%, 135bps increase quarter over quarterStrong acceleration of loan growth, over four times higher than the Brazilian industry averageIncreasing Transactional Volume (TPV), with more t

BELO HORIZONTE, Brazil, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the premier Super App that provides financial and digital commerce services to more than 29 million customers, today reported financial results for the third quarter of 2023. Key highlights: Record Net Income of R$104 million and R$145 million in Earnings Before TaxContinued growth in revenue per client, with record Gross ARPAC of R$48Strong acceleration of loan growth, multiple times higher than industry averageCost of Risk down by 30 bps QoQ due to improved asset quality João Vitor Menin, CEO: "I'm excited to share that our latest results put us ahead of schedule in meeting our goals

BELO HORIZONTE, Brazil, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc (Inter), (NASDAQ:INTR, B3: INBR32))), the premier Super App which provides financial and digital commerce services to more than 28 million customers, today reported financial results for its second quarter ended June 30, 2023. The complete earnings release has been provided on the company's Investor Relations website at https://investors.inter.co/en/.  João Vitor Menin, CEO of Inter&Co said: "This quarter marks an inflection point in our company's history – it was a quarter of records, with significant achievements across many fronts. We have all cylinders firing in the right direction, showcasing Inter at its best.

BELO HORIZONTE-MG, Brazil, May 08, 2023 (GLOBE NEWSWIRE) -- Inter&Co, Inc (Inter), (NASDAQ:INTR, B3: INBR32))), the premier Super App which provides financial and digital commerce services to more than 26 million customers, today reported financial results for its first quarter ended March 31, 2023. The full earnings release has been made available on the Company's Investor Relations website at ri.bancointer.com.br. João Vitor Menin, CEO of Inter&Co stated: "Following an incredible 2022, we've seen a strong start of 2023. I'm happy to say that we are harvesting profitable results from our solid foundations. Our focus on delighting our clients while delivering operational excellenc

New acquisition expands the total land package to 8,972 acres (3,631 hectares)Additional 22 unpatented lode mining claims and technical dataAn advanced stage, 100% controlled copper project in ArizonaVANCOUVER, BC / ACCESSWIRE / April 27, 2023 / Intrepid Metals Corp. (TSXV:INTR)(OTC:IMTCF) ("Intrepid" or the "Company") is pleased to announce the Company continues its consolidation efforts at its new district scale, advanced exploration copper property, the Corral Copper Project (the "Project"), in Cochise County, Arizona. The Company has entered into a Purchase and Sale Agreement (the "Agreement") for an additional 22 unpatented lode mining claims (the "Sara Claim Group") from Clive Bailey,

BELO HORIZONTE, Brazil, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ:INTR, B3:INBR32))), the holding company of Inter Group, which offers the premier Super App in the Americas providing financial and digital commerce services to more than 25 million clients in Brazil and the US, announces the acquisition of 100% of the share capital of YellowFi Mortgage LLC and YellowFi Management LLC (jointly "YellowFi"). YellowFi is a mortgage originator and fund manager, democratizing access to real estate investing. Its managed fund, Brickell Bay Mortgage Opportunity Fund LP, invests in residential mortgage loans across the United States since 2018. As part of the transaction, Cassio Segura

BELO HORIZONTE-MG, Brazil, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ:INTR, B3:INBR32))), a leading Brazilian Super App offering financial and nonfinancial services, reported today financial results for its third quarter ended September 30, 2022. Financial results are expressed in Brazilian reais and are presented under IFRS (International Financial Reporting Standards). The full earnings release has been made available on the Company's Investor Relations website at ri.bancointer.com.br/intereco.   João Vitor Menin, CEO of Inter&Co. stated:  "We concluded another excellent quarter, the first full quarter following our listing on Nasdaq in June. Our culture of innovation has been

Revenue growth of 275.6% year over year in 2Q22 (82.8% ex-credit and pro-forma for Linx) to R$2.30 billion, 4.7% above the upper end of our guidance; Adj. EBT (not adjusting for bond expenses) of R$106.7 million, above guidance of +R$90 million; MSMB take rate improvement to 2.09% in 2Q22 from 2.06% in 1Q22 GEORGE TOWN, Grand Cayman, Aug. 18, 2022 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE) ("Stone" or the "Company"), a leading provider of financial technology and software solutions that empowers merchants to conduct commerce seamlessly across multiple channels, today reports its financial results for its second quarter ended June 30, 2022. "Dear Shareholders, I believe our s