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.
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Inter&Co Inc. reported record net income of R$195 million and a 37% YoY increase in net revenue for the first quarter of 2024. The company showcased strong financial performance, with a 5th consecutive quarter of increased account activations, reaching 54.9%, and total gross revenue of R$2.3 billion. Inter&Co's efficiency ratio improved to 47.7%, with a record ROE of 9.7%. The Global Account, Loop loyalty program, and new credit lines were noted as successful initiatives driving revenue growth. The company's CEO emphasized the success of their platform's scalability and innovation.