EM Neobanks – Stick with Inter (INTR US) As Our Sole Buy Rating
Inter is our buy in EM neobank, offering a balanced business model, with improving execution, controlled NPLs and attractive valuations; Nubank is...
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Primer: Inter & Co (INBR32 BR) - Aug 2026
Inter & Co is a rapidly growing Brazilian digital bank that has successfully evolved into a comprehensive "Super App"ecosystem, offering a...
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Brazil Banks – Reiterating Banco Do Brasil Buy
Re-iterating our buy on Banco do Brasil; latest poll for the presidential run-off places Bolsonaro in the lead, and press reports indicate that the...
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Brazil Banks – Upgrading Banco Do Brasil to Buy
Banco do Brasil’s valuations are very attractive and a Bolsonaro win would be a positive catalyst for its further re-rating. Targeting a 2026E PBV...
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EM Digital Banks – We Turn Positive on KakaoBank and Inter, Cautious on Nubank and Neutral on PAN
KakaoBank raised to buy for its firm business niche, its positive banking and capital ratios; Inter is also a buy for its undemanding valuations...
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