INTR Jumps As UBS And JPMorgan Hike Price Targets

Inter and Co's stock fell 33.9% to $4.75 in pre-open trading, below its 52-week low, due to concerns over credit costs, capital allocation, and a bearish analyst view. The decline follows Brazil's presidential election and the company's acquisition of Inter Seguros for R$409 million. U.S. equity indices are slightly positive, indicating the selloff is company-specific.

Inter&Co reported Q2 2026 record net income of R$421 million (US$81 million) and ROE of 16.3%. Gross loans rose to R$51.9 billion (US$10.0 billion), but loans more than 90 days overdue increased to 5.3% from 5.1% in Q1 and 4.6% a year earlier. Shares closed little changed after the release.

Inter & Co, Inc. (INTR) furnished an SEC Form 6-K — earnings release. 2Q26 Earnings Release August 2026 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 37.7 39.3 41.3 43.1 44.0 45.3 2Q26 Highlights Net Income Total Clients 11 49 91 151 183 206 243 275 287 315 336 374 395 421 - 5 0 1 0 1 50 2 0 2 50 3 0 3 50 4 0 4 50 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24

Inter (NASDAQ: INTR) said it opened a U.S. branch in Miami, Florida, authorized by the Federal Reserve Board of Governors and the Florida Office of Financial Regulation. The branch operates as a state-licensed branch of Banco Inter S.A. and is expected to support cross-border clients and expand Inter’s U.S. product and funding efficiency. Inter reported $1.8 billion in annual net revenue.

Pattern Group (PTRN) rose 6.5% after Jefferies upgraded its stock, citing the company's ability to add new brands and improve its proprietary models. The stock has increased for five consecutive days. According to Jefferies, Pattern's track record of delivering elevated performance is a key factor in their positive outlook.

U.S. equities saw slight declines on Thursday, with Nvidia shares under pressure following CEO Jensen Huang's resignation. The Dow was up 0.1%, the S&P 500 up 0.3%, and the Nasdaq down 0.5%.