Citigroup resumed coverage of Inter & Co with a rating of Buy and set a new price target of $6.80
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $7.50 → $8.50 | Neutral → Overweight | JP Morgan |
| 6/25/2024 | $6.80 | Buy | Citigroup |
| 5/21/2024 | Market Perform → Outperform | Itau BBA | |
| 2/16/2024 | $6.00 | Buy → Neutral | Citigroup |
| 8/16/2023 | $2.00 → $5.30 | Neutral → Buy | Citigroup |
| 6/29/2023 | $3.00 | Overweight → Neutral | JP Morgan |
| 1/31/2023 | $4.59 → $4.20 | Neutral → Buy | Goldman |
| 9/6/2022 | $3.90 → $5.00 | Sell → Neutral | Goldman |
6-K - Inter & Co, Inc. (0001864163) (Filer)
6-K - Inter & Co, Inc. (0001864163) (Filer)
6-K - Inter & Co, Inc. (0001864163) (Filer)
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
SC 13G/A - Inter & Co, Inc. (0001864163) (Subject)
SC 13G/A - Inter & Co, Inc. (0001864163) (Subject)
SC 13G - Inter & Co, Inc. (0001864163) (Subject)
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
JP Morgan upgraded Inter & Co from Neutral to Overweight and set a new price target of $8.50 from $7.50 previously
Citigroup resumed coverage of Inter & Co with a rating of Buy and set a new price target of $6.80
Itau BBA upgraded Inter & Co from Market Perform to Outperform
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 $6.8 price target.
BELO HORIZONTE, Brazil, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the leading financial super app providing financial and digital commerce services to over 33 million customers, today reported financial results for the second quarter of 2024. Highlights: Record net income of R$ 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