Brazil's Banco Inter seeks up to $260 million in capital to fuel growth: source [Reuters]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Reuters
Brazil's Banco Inter seeks up to $260 million in capital to fuel growth: source - Reuters 3 Min Read SAO PAULO (Reuters) - Brazilian online lender Banco Inter SA is seeking to raise between 800 million reais and 1 billion reais ($260 million) to fund new growth initiatives through a capital increase, one source familiar with the matter said. Earlier on Tuesday, Banco Inter said in a securities filing it was considering a capital increase, without saying how much it planned to raise. Inter intends to use the proceeds to expand its smartphone app to provide services beyond banking such as travel, food delivery services, healthcare and entertainment, the source said. The strategy of offering a wider menu of services through partnerships is modeled on that pursued by Russia’s Tinkoff Bank, owned by consumer lender TCS Group, the person added. The capital hike plan comes as competition in Brazil’s financial sector heats up, with retailers such as MercadoLibre Inc, Magazine Luiza SA and Via
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MELI
News
- MercadoLibre (MELI) to Report Q1 Results: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Wedbush from $2,000.00 to $1,800.00. They now have an "outperform" rating on the stock.MarketBeat
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [Yahoo! Finance]Yahoo! Finance
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [BNN Bloomberg (Canada)]BNN Bloomberg
- MercadoLibre, Inc. (NASDAQ: MELI) was upgraded by analysts at DZ Bank AG from a "hold" rating to a "buy" rating. They now have a $1,685.00 price target on the stock.MarketBeat
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/23/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- MELI's page on the SEC website