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Inter & Co. Inc. - $INTR STOCK NEWS

Welcome to our dedicated page for Inter & Co. news (Ticker: $INTR), a resource for investors and traders seeking the latest updates and insights on Inter & Co. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Inter & Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Inter & Co.'s position in the market.

Rhea-AI Summary
Inter&Co Inc. reported financial results for the fourth quarter of 2023, with record net income of R$352 million, substantial growth in client activation, and significant improvement in efficiency ratio. The company achieved strong financial and operational performance, surpassing 30 million clients and reaching ROE of 8.5%. Inter&Co also observed a positive shift in the macro scenario, with declining interest rates and improved trends in asset quality, setting the stage for a strong 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
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Rhea-AI Summary
Inter&Co, a leading financial and digital commerce services provider, has secured long-term naming rights for the home venue of Orlando City SC and Orlando Pride, which will be renamed Inter&Co Stadium. This first-of-its-kind international partnership will bring new investment to the Orlando clubs, venue, and community. 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 designates Inter&Co as the first international partner for the Club and the first financial institution with Latin-American roots to own the naming rights of a major stadium in the United States.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
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Rhea-AI Summary
Inter & Co, Inc. announced a follow-on public offering of up to 32,000,000 of its Class A common shares, with the option to purchase up to 4,800,000 additional shares. The net proceeds will be used for general corporate purposes. Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as Global Coordinators. The Offering is subject to market conditions and no assurance is provided on its completion or terms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.2%
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Rhea-AI Summary
Inter&Co (INTER) Unveils New Branding to Position Itself as a Financial Super App, Aims to Reach 60 Million Customers by 2027
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End-of-Day
-0.19%
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Rhea-AI Summary
Inter&Co, Inc. (Inter) (NASDAQ: INTR | B3: INBR32) has announced a 24% year-over-year increase in its client base, exceeding 30 million clients, including Brazilian and US customers. The company's third-quarter earnings report showcased a record net income of R$104 million, up 62% quarter-over-quarter, a record activation rate of 52.7%, and revenue per active client of R$ 48. Total gross revenue also grew by 39% year-on-year to R$2.1 billion. Inter's 60-30-30 Business Plan aims to reach 60 million clients by 2027 while maintaining a 30% efficiency ratio and achieving a 30% return on equity (ROE). The company has been successful in attracting clients ahead of schedule due to its seamless, well-designed in-app experience and the convenience of offering financial and digital commerce services in one place.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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Rhea-AI Summary
Inter&Co Inc. reports strong financial results for Q3 2023 with record net income of R$104 million and R$145 million in earnings before tax. The company continues to experience growth in revenue per client and loan growth, while reducing the cost of risk by 30 bps. CEO João Vitor Menin expresses confidence in the company's strategy and goals for future growth and profitability.
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Rhea-AI Sentiment
End-of-Day
-6.15%
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Rhea-AI Summary
Inter&Co partners with Orlando City SC and Orlando Pride to become the Official Financial Institution of both clubs.
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-1.82%
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7.61%
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Inter & Co. Inc.

Nasdaq:INTR

INTR Rankings

INTR Stock Data

2.37B
103.61M
25.16%
13.87%
0.15%
Banks - Regional
Financial Services
Link
United States of America
Belo Horizonte