Inter Co's 4.7% surge highlights rare Brazilian stocks listed directly on Nasdaq

American retail investors using platforms like Robinhood, Fidelity, or Charles Schwab can trade shares of Nasdaq-listed digital bank Inter & Co. just as easily as US-based corporations, bypassing the typical fees and liquidity traps associated with foreign equities. On November 13, 2026, the company’s stock rose 4.67% to close at $4.15, according to Nasdaq trading data, driven by a record-breaking earnings report. The stock's primary listing on the Nasdaq makes it a rare exception for foreign tech companies, which typically require US investors to pay ongoing administrative fees for American Depositary Receipts (ADRs).

Based in Belo Horizonte, Brazil, Inter & Co. operates as a digital banking pioneer in Latin America’s largest economy. In its third-quarter financial results released on November 12, 2026, the bank posted a record net income of R$425 million (about $75.3 million, using the central bank's closing exchange rate of 5.64 reais per dollar as of November 12, 2026), representing a 26% year-over-year increase, according to its official earnings report available on Inter & Co's Investor Relations. Total revenue for the quarter rose 29.1% to $524.7 million on a US dollar basis, showing robust monetization as its active customer base climbed to more than 27.1 million users, according to the same report.

The digital bank's growth is driven by its "BanTech" model, combining traditional banking products with a tech-driven distribution platform. Its expanded loan portfolio grew by 25% year-over-year to reach R$58.1 billion (about $10.3 billion), per Inter’s November 12, 2026 SEC filing, outpacing the broader Brazilian credit market. Delinquency rates remained stable, with 15-to-90-day nonperforming loans dropping to 4.2% from 4.5% in the previous quarter, which offset a slight uptick in 90-day nonperforming loans to 5.3%, per the company's third-quarter report.

For Americans researching Brazilian stocks, the digital bank stands out due to its unique corporate structure. In 2022, the company completed a corporate reorganization to move its primary listing from the Brazilian B3 exchange to the Nasdaq. This structure protects investors from ADR fee drag, which can shave off several cents per share annually. Investors are now watching whether the bank can maintain its annualized return on equity, which climbed 160 basis points year-over-year to 15.8% as of September 30, 2026, according to the bank’s third-quarter earnings release.

Looking forward, investors will watch how the company’s strategic expansion, including a Federal Reserve approval on January 16, 2026, to open an international banking branch in Miami, affects its long-term cost-to-income efficiency. The bank’s efficiency ratio improved to 41.9% in the third quarter of 2026, down from 45.1% in the prior year period, per its earnings statement filed with the SEC.

In your brokerage app

Inter & Co. is traded directly on the Nasdaq under the ticker INTR. US retail investors can buy and sell its common shares through standard brokerage accounts with no ADR conversion fees. The stock is also held in several exchange-traded funds focused on emerging markets and financial technology, such as the ARK Fintech Innovation ETF.