Business

Is Banco Inter the next big buy on Brazil’s stock market?

Is Banco Inter the next big buy on Brazil’s stock market?

Ever since shares of Magazine Luiza, a fairly unknown retailer from São Paulo’s countryside, rose 10,000 percent in just a handful of years, Brazilian traders have been on the look out for their new cash cow. Lately, Banco Inter, the only fintech listed on the São Paulo stock exchange, seemed to be a strong candidate for the role, but as the company begins making some corporate changes, investors are changing their stance toward it.

This week, Banco Inter has announced it will list its common shares...

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