$4.430
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Noticias de INTR
Eventos de INTR
Inter&Co Shares Drop 36.6% to $4.56
Inter&Co is down -36.6%, or -$2.63 to $4.56.
Brazil Fintech Stocks Decline Following Lula's Election Victory
Brazil-exposed fintech stocks fell Monday following Luiz Inacio Lula da Silva's election victory, with StoneCo (STNE), Inter&Co (INTR) and XP Inc. (XP) among the decliners. The move followed broader selling in Brazil-linked stocks, with PagSeguro (PAGS), Nu Holdings (NU) and MercadoLibre (MELI) also among the notable decliners. Investors have expressed concerns that Lula's administration could pursue policies that increase government spending and weigh on fiscal discipline, prompting a risk-off reaction across Brazilian assets.
Inter&Co Shares Drop 37% to $4.53
Inter&Co is down -37.0%, or -$2.66 to $4.53.
Inter Receives Approval for International Banking Branch in Florida
Inter announced it has received regulatory approval from the Florida Office of Financial Regulation and the Federal Reserve to establish a state-licensed international banking branch in Florida. "The approval authorizes Inter to establish a Florida branch based in Miami, expanding the company's cross-border capabilities and broadening its range of financial services for individuals and businesses... With this authorization, Banco Inter joins a select group of international institutions permitted to operate a U.S. banking branch. The new operation will serve as a digital-first banking hub, connecting clients across borders with enhanced speed, security, and transparency," the company stated. "This milestone strengthens our position as a global platform and enables us to deliver even more value to our clients across borders. The U.S. branch allows us to scale our offering, deliver greater value to our clients, and strengthen Inter's position in the international financial system," said Joao Vitor Menin, Global CEO of Inter.
Inter&Co announces Q3 revenue of R$2.2B, up from R$2B in the previous quarter.
Added a record 1.2 million new active clients in the quarter, bringing the total active client base to 24 million, a testament to the platform's compelling value proposition. Joao Vitor Menin, Global CEO of Inter&Co, commented: "Ten years after launching the first digital banking account in Brazil, we have built an ecosystem that consistently delivers value to our customers, drives outstanding growth, and reflects our disciplined approach to sustainable profitability." He highlighted that: "We are celebrating our journey and designing our future. We have a clear pathway toward achieving 60 million clients, a 30% efficiency ratio, and 30% ROE. These long-term targets underscore the scalability of our platform and the quality of our execution."
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