BANCO INTER VALE A PENA DEPOIS DA QUEDA?

Watch on YouTube ↗  |  May 16, 2026 at 21:00  |  9:51  |  Market Makers
Speakers
Mauricio Rahmani — Gestor, Reach Capital
Francisco Utsch — Gestor, Kiron Capital

Summary

Mauricio Rahmani (Reach Capital) explains why his firm bought Banco Inter after a steep post-earnings drop, citing an exaggerated sell-off and near-term ROE improvement potential. Francisco Utsch (Kiron Capital) shares his bullish view on Itaú, highlighting strong fundamentals, low valuation, and liquidity for foreign inflows. The discussion also covers the broader credit cycle concerns in Brazil.

  • Banco Inter fell sharply after earnings and Investor Day.
  • Mauricio Rahmani's Reach Capital bought Inter shares during the drop.
  • Francisco Utsch's Kiron Capital holds Itaú and considers it undervalued.
  • Credit cycle deterioration is a key backdrop.
  • Inter's drop partly attributed to market stops and credit fears.
  • Inter updated guidance to 'rule of 50' from 60/30.
  • Itaú trades below R$40 with ROE above 26% and low P/E.
  • Both managers see opportunity in Brazilian bank stocks.
Trade Ideas
Mauricio Rahmani Gestor, Reach Capital 3:01
Inter drop exaggerated; opportunity to buy
Bought Banco Inter after the sharp drop, believing the sell-off was exaggerated. The credit quality deterioration in private payroll and credit cards is being provisioned more conservatively by Inter than peers. Inter has low-hanging fruit to increase ROE to at least 18% in the short term, making the current price an attractive entry point for a tactical position.
INTR MED
Francisco Utsch Gestor, Kiron Capital 7:56
Itaú cheap, high ROE, want more
Itaú is a top pick with strong and predictable results. ROE of 26.5%, low P/E below 8x 2027 earnings, 2x book value, and solid dividend yield. The stock is below R$40, offering a compelling risk/reward, especially as a liquid vehicle for eventual foreign capital return. Their fund has a 7% position and would like to add more at current levels.
ITUB4.SA HIGH
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This Market Makers video, published May 16, 2026, features Mauricio Rahmani, Francisco Utsch discussing INTR, ITUB4.SA. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mauricio Rahmani, Francisco Utsch  · Tickers: INTR, ITUB4.SA