10 Most Undervalued Bank Stocks To Invest In According To Analysts

2. Inter & Co, Inc. (NASDAQ:INTR)

Average Upside Potential: 48.45%

Forward P/E: 8.64

Inter & Co, Inc. (NASDAQ:INTR) offers various services including banking, investments, mortgages, credit, insurance, and cross-border payments. The company provides comprehensive financial and lifestyle solutions to serve the evolving needs of modern consumers. It was originally established as a traditional bank, transitioned into a digital bank in 2015, and expanded its offerings to include a financial super app.

Inter serves as the pioneering and differentiated financial super app offering financial and digital commerce services to millions of customers across the Americas. The company continues to improve its super app with new features and hyper-personalizes the client experience, driving more engagement and client deposits. The above efforts are translating into higher revenues for Inter & Co, Inc. (NASDAQ:INTR). The company closed its most recent quarter with a record net income of R$ 260 million.

The firm’s strong and growing base of clients is a core strength, evident from a consistent improvement in activation and engagement metrics leading to massive interactions within INTR’s ecosystem, for instance, in over 15 million log-ins per day and 18 million depositors. As of the third quarter of 2024, INTR boasted 34.9 million clients, with 1.1 million net new active clients, as well as an activation rate increase for the 7^th consecutive quarter. The company’s business clients present a major growth opportunity with more than 2 million accounts and a growth rate of 18% year-over-year.