Nasdaq-listed Inter & Co surges 6.7% as Wall Street upgrades outlook

American retail investors looking to diversify abroad often run into the headache of American Depositary Receipts—the indirect, fee-heavy receipts used to trade foreign equities on US exchanges. However, a handful of international companies bypass this structure entirely by choosing a direct, primary listing in New York.

One such company, the digital banking platform Inter & Co, is catching Wall Street's attention as its shares experience a sharp upward move. On October 23, 2026, shares of Inter & Co rose 6.68% to close at $7.19 on the Nasdaq. The rally follows a series of positive updates from major investment banks.

In October 2026, both UBS Group and JPMorgan Chase upgraded their outlooks for the stock, citing a "risk-on" environment for Brazilian financials, lower equity risk premiums, and stronger conviction in the company's upside potential. JPMorgan reiterated an overweight rating on the stock on October 6, 2026, while UBS raised its rating to buy on October 20, 2026.

The stock's recent momentum comes as investors position themselves ahead of the company's third-quarter 2026 earnings release, scheduled for November 12, 2026. In its previous quarterly report published on August 5, 2026, the company showed steady operational improvement, with its return on equity (ROE) reaching 14.94%. While the growth trajectory remains strong, the company still faces hurdles in translating scale into premium profitability. According to financial data compiled on October 23, 2026, Inter & Co commands a price-to-sales ratio of 2.07 and a price-to-book ratio of 1.71.

In your brokerage app

Inter & Co is listed in New York on the Nasdaq under the ticker INTR. Because it is a primary US listing rather than an ADR, retail investors can buy and sell the common shares directly through standard brokerage accounts on platforms like Fidelity, Schwab, or Robinhood without incurring foreign custody fees.