Business

Brazilian fintech Banco Inter launches a research area to serve its base of more than 230,000 investors

It will cover 60 to 80 companies and an investment committee will select 10 assets to build a recommended portfolio, informs Brazil Journal

Banco Inter's new headquarters
Inter's new headquarters in the city of Belo Horizonte. Photo: Courtesy
  • The stock research are will cover 60 to 80 companies;
  • At first, investments reports will be free of charge.

The Brazilian neobank Banco Inter has just launched a stock research area, complementing the wealth management operation, reports Brazil Journal. It already gathers 230,000 investors.

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According to the media outlet, it will cover 60 to 80 companies and an investment committee will select 10 assets to build a recommended portfolio. With that, Banco Inter gets closer to its main goal to offer a super app.

For now, the bank’s analysts have begun to cover nine shares: Renner, C&A, Movida, Localiza, Totvs, Centauro, Vivara, Odontoprev and Intermédica – not all with purchase recommendations. According to the news, Inter is offering the reports free of charge, even for those who are not account holders at the bank.

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However, the neobank intends to monetize the business in the future, with a monthly subscription model, competing with independent analysis houses like Empiricus, Suno Research and Eleven. To create the research area, Inter hired two analysts from outside the bank, from the brokerage Toro and from the Stock Guide.