Why Brazil's Inter is rallying in US brokerage accounts today
Digital banking player Inter & Co (INTR) rose 3.6% on November 10, 2026, as retail investors eye its upcoming third-quarter earnings report.
American retail investors looking to diversify their portfolios often face a major hurdle: the complex paperwork, fees, and currency conversions of trading foreign equities. While most international companies require American Depositary Receipts (ADRs) to trade on US exchanges, a select group of global firms bypass this structure entirely by listing their primary shares directly on Wall Street.
One of those companies is the Brazilian digital banking group Inter & Co, which saw its shares rise 3.63% to close at $4.00 on November 10, 2026. Because the Belo Horizonte-based company chose a direct Nasdaq listing rather than an ADR, US retail investors can buy and sell its common shares as easily as any domestic tech stock.
The move comes just ahead of the company's third-quarter 2026 earnings release, scheduled for November 12, 2026. Wall Street analysts expect Inter & Co to report earnings of $0.19 per share on revenue of $532.32 million. This represents a significant projected increase from the $0.14 per share and $396.89 million in revenue reported in the same quarter last year.
Led by Chief Executive Officer Alexandre Riccio, Inter operates a financial "super-app" that has amassed over 45 million customers in Brazil. The platform integrates traditional checking accounts and credit cards with investment tools, insurance, and an e-commerce marketplace. This highly integrated model has allowed the digital lender to lower customer acquisition costs while scaling its loan portfolio, over 70% of which is secured by collateral.
Despite its rapid expansion, the company operates in a highly volatile macroeconomic environment. Brazil's central bank, the Banco Central do Brasil, has maintained a restrictive monetary policy, with the benchmark Selic rate sitting at 13.75% as of November 10, 2026. While high interest rates help boost net interest margins for digital lenders, they also elevate credit risks and pressure consumer spending across Latin America's largest economy.
In your brokerage app
Inter & Co. Inc., which operates the digital banking platform, is listed in New York on the Nasdaq under the ticker INTR. Because it is a primary US listing rather than an ADR, it can be traded directly through standard brokerage accounts with no foreign transaction surcharges.
