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 ...

Exhibit 99.1 ¶Inter&co Unaudited interim condensed consolidated statements For the three-month period ended June 30, 2024 winter&co Unaudited interim condensed consolidated statements As of for the six-month period ended June 30, 2024 | --- | --- | --- | |-------------------|------------------------------------------------------------------------------|-------| | | | | | Contents | | | | Management report | | 2 | | | Independent Auditor's Report | 4 | | | Unaudited interim condensed consolidated balance she ...

PM Images | --- | --- | --- | --- | --- | --- | |-------|--------------------------------|---------|---------|---------|------------| | | | | | | | | | Asset Quality & Capitalization | Q1 2022 | Q1 2023 | Q1 2024 | Change | | NU | 15-90 days NPL | 3.7% | 4.4% | 5.0% | 130 bps | | | 90+ NPL | 3.5% | 5.5% | 6.3% | 280 bps | | | Tier 1 Ratio (%) | 17.5% | 15.8% | 12.7% | -478 bps | | INTR | 15-90 days NPL | 3.4% | 4.4% | 4.8% | 140 bps | | | 90+ NPL | 4.5% | 4.3% | 4.4% | -10 bps | | | Tier 1 Ratio (%) | 35.7% ...

Intrepid Metals Drills 20.20% Cu, 8.51 gpt Au and 250.00 gpt Ag (23.85% CuEq) at its Corral Copper Property in Arizona 112.95 meters ("m") of 1.50% Copper ("Cu"), 0.53 grams per ton ("gpt") Gold ("Au") and 8.22 gpt Silver ("Ag") (1.66% Copper Equivalent ("CuEq")1) in Hole CC24_023; including, 63.40m of 2.57% Cu, 0.91 gpt Au and 14.14 gpt Ag (2.83% CuEq1) 13.40m of 6.72% Cu, 1.49 gpt Au and 46.93 gpt Ag (6.90% CuEq1) and 1.40m of 20.20% Cu, 8.51 gpt Au and 250.00 gpt Ag (23.85% CuEq1). 64.95m of 0.84% Cu, 0. ...

. . June 19, 2024 7:00 AM EDT | Source: Intrepid Metals Corp. | --- | --- | |--------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | Silver ("Ag") (0.93% Copper Equivalent ("CuEq")1) | in Hole CC24_022; including, | | | 20.95m of 1.37% Cu, 1.39 gpt Au and 5.11 gpt Ag (2.1 ...

Group 1 - Inter & Co. Inc. is part of the Business Services sector, which includes 316 individual stocks and currently holds a Zacks Sector Rank of 5 [1] - Over the past 90 days, the Zacks Consensus Estimate for Inter & Co. Inc.'s full-year earnings has increased by 2.7%, indicating improving analyst sentiment and a positive earnings outlook trend [2] - Inter & Co. Inc. belongs to the Technology Services industry, which consists of 173 companies and currently ranks 63 in the Zacks Industry Rank [4] Group 2 - The average year-to-date return for stocks in the Technology Services industry is 16.5%, suggesting that Inter & Co. Inc. is slightly underperforming its industry [4] - Inter & Co. Inc. has achieved a year-to-date return of approximately 5.4%, outperforming the average gain of 5.3% in the Business Services group [7] - The Zacks Rank for Inter & Co. Inc. is currently 2 (Buy), indicating a favorable outlook based on earnings estimates and revisions [6]

Market Overview - The stock market has experienced a cooling off period as it closed May and began June, which is seen as a healthy recalibration following a bullish stretch and a significant surge from the October 2023 lows [1] - The recent pullback is expected to create more attractive buying opportunities for strong stocks, emphasizing the importance of staying exposed to the market and buying into weakness [1] Investment Opportunities - Investors looking to buy stocks in June are encouraged to consider cheap stocks trading for $10 or less, which have strong Zacks Ranks due to improving earnings outlooks [2] - Stocks priced under $10 can be categorized into penny stocks (under $5) and stocks priced between $5 and $10, with the latter generally being less risky but still speculative [3][5] Penny Stocks - Penny stocks, defined as securities trading for less than $5, are often avoided by investors due to their speculative nature and infrequent trading, which can lead to excessive volatility [3][4] - Despite the risks, some penny stocks can perform exceptionally well, maintaining their attractiveness [4] Stocks Under $10 - Stocks trading in the $5 to $10 range are generally less risky than penny stocks, and investors may be more familiar with these companies [5] - A selective approach can yield winning stocks under $10, with specific screening parameters to identify potential investments [6] Inter & Co. Inc. - Inter & Co. Inc. is highlighted as a promising stock under $10, serving as the holding company for Grupo Inter and offering a comprehensive digital financial app known as the Super App, which serves over 32 million customers across the Americas [9][10] - The company is projected to grow its revenue by 21% in 2024 and 17% in FY25, reaching $1.34 billion, with adjusted earnings expected to increase by 153% this year and 37% next year [11] - Inter & Co. shares have increased by 85% over the last year, outperforming its industry, but have recently pulled back below its 50-day moving average, indicating potential testing of its 200-day moving average [12]

Core Insights - Inter&Co has received its first AA+.br long-term issuer and deposit ratings from Moody's, indicating a strong financial position and growth in profitability [1][2] - The ratings reflect Inter's robust capital levels, low funding costs, and effective risk management practices [2][3] - CEO Joao Vitor Menin emphasized the company's commitment to exceptional service and the fulfillment of its 60-30-30 plan, which aims to maintain asset quality and capital levels [3] Company Overview - Inter&Co operates as a financial super app serving over 32 million customers across the Americas, offering a wide range of services including banking, investments, mortgages, credit, insurance, and cross-border payments [4] - The company features a dynamic marketplace that connects consumers with shopping discounts, cashback rewards, and exclusive event access, focusing on innovation and member experiences [4]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Inter&Co (NASDAQ:INTR), the company that controls Banco Inter in Brazil and the subsidiary Inter&Co Payments, is the pioneering financial super app serving over 32 million customers across the Americas. The Inter ecosystem offers a broad array of services, including banking, investments, mortgages, credit, insurance, and cross-border payments. The financial super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across ...