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XP Inc. - XP STOCK NEWS

Welcome to our dedicated page for XP news (Ticker: XP), a resource for investors and traders seeking the latest updates and insights on XP stock.

XP Inc. (XP) is a Cayman Island-based technology-driven financial services platform that is transforming the financial landscape in Brazil. Founded in 2001 as a small investment advisory firm in Porto Alegre, XP Inc. has grown to become a major player in the financial services industry, driven by its core values of dreaming big, open-mindedness, and entrepreneurial spirit.

The company's mission is to break the monopoly of large banks, which still control 95% of the investment market in Brazil, and to improve people's lives through better financial products and services. XP Inc. offers a range of low-fee financial products, including brokerage services, investment advisory, and financial planning. Their innovative approach and commitment to customer service have made them a popular choice among investors looking for cost-effective financial solutions.

XP Inc. operates through a single business segment, which allows them to streamline operations, make informed decisions on fund allocation, and accurately evaluate their performance. This focused approach has enabled XP Inc. to maintain a strong financial position and continue to grow its market share.

Recent achievements for XP Inc. include expanding their product offerings and forging strategic partnerships to enhance their service delivery. The company is also committed to leveraging technology to drive innovation and improve the customer experience. By embracing digital transformation, XP Inc. aims to provide seamless, efficient, and user-friendly financial services to their clients.

With a dedicated team of talented individuals who share a passion for transforming the financial sector, XP Inc. is well-positioned to continue its growth trajectory and make a significant impact in the industry. Investors looking for the latest updates and developments on XP Inc. can find comprehensive information on the company's performance, events, and projects.

News

XP Appoints Victor Mansur as Chief Financial Officer Effective August 1, 2024

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XP Inc. appoints Victor Mansur as Chief Financial Officer effective August 1, 2024. Mansur, currently XP's Deputy CFO, brings two decades of industry experience. Outgoing CFO Bruno Constantino will transition to an advisory role. Head of Investor Relations André Parize named Chief Investor Relations Officer. XP Inc. is a leading technology-driven platform offering low-fee financial products and services in Brazil.
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XP Inc. Files Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2023

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XP Inc. (Nasdaq: XP) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. The report is available on the SEC's website and XP Inc.'s Investor Relations website. Shareholders can request a hard copy free of charge.
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XP Announces Corporate Governance Changes to Support its Next Chapter of Growth

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XP Inc. announces significant corporate governance changes to enhance independent oversight and strategic counsel. The company is adding four new independent directors to create a majority-independent board and forming two new committees to strengthen key capabilities. The changes aim to support XP's long-term business strategy and growth. The new directors bring expertise in risk management, credit, banking, and human resources from reputable organizations. The restructuring of the board committees will enhance oversight and performance monitoring. Founder and Chairman Guilherme Benchimol expresses excitement about the diverse perspectives and contributions of the new directors to XP's mission of transforming financial markets to improve people's lives.
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XP Inc Announces New Share Repurchase Program

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XP Inc. (Nasdaq: XP) announced a new share repurchase program to counter future shareholder dilution from RSU vesting. The program allows repurchase of up to 2,500,000 Class A Common Shares in 2024. XP plans to use existing cash for repurchases, benefiting from safe harbors under SEC rules.
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XP Inc. Reports Fourth Quarter 2023 Results

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XP Inc. (NASDAQ: XP) reported its Q4 2023 financial results, showcasing resilience, growth, and strategic initiatives. Despite macroeconomic challenges, the company surpassed R$1 trillion in Client Assets and achieved record revenues. Strategic pillars like leadership in investments, product diversification, and efficiency drove growth. The acquisition of Banco Modal and focus on new verticals contributed to revenue diversification. Distribution channels expanded to cater to diverse client needs. XP focused on democratizing access to premium services and investing in its people and culture. The company remains optimistic about the future.
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XP Inc. reports 4Q23 KPIs

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XP Inc. (Nasdaq: XP) announced its 4Q23 KPIs, revealing a 19% YoY growth in client assets to R$1.1 trillion, with R$105 billion net inflows. Active clients grew to 4.5 million, while retail daily average trades totaled 2.2 million. The NPS was 72 in 4Q23. XPV&P continued to be #1 in net portability for individual retirement plans, with total client assets reaching R$73 billion. Total TPV for cards was R$11.8 billion, and the credit portfolio expanded to R$21.0 billion. Insurance active policies totaled 54 thousand, with a 36% YoY increase.
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XP Inc. Announces New Head of Investor Relations

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XP Inc. (XP) appoints André Parize to lead its Investor Relations team in São Paulo. Parize brings over twenty years of experience, including roles as CFO of Getnet Brasil and Head of Investor Relations at Banco Santander Brasil. His expertise in financial planning, growth, and profitability will be valuable to XP Inc.
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XP Inc. Announces Cash Dividend

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XP Inc. (Nasdaq: XP) Announces US$0.73 Cash Dividend per Share
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XP Inc. Reports Third Quarter 2023 Results

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XP Inc. (NASDAQ: XP) reports strong financial results for Q3 2023, with total client assets at R$1,080 bn, total net inflow at R$48 bn, and a 17% YoY increase in gross revenue to R$4,364 mn. Retail revenue grew 21% YoY, driven by fixed income and cards. Institutional revenue remained stable QoQ, and Corporate & Issuer Services revenue increased by 83% QoQ.
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XP Inc. Reports 3Q23 KPIs

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XP Inc. announces 3Q23 KPIs, with client assets reaching R$1.1 trillion, up 17% YoY and 6% QoQ. Net inflow in 3Q23 was R$48 billion, up 118% QoQ and 38% YoY. Active clients grew 10% QoQ and 16% YoY, totaling 4.4 million. NPS was 72 in 3Q23. Retirement plans client assets were R$67 billion, up 16% YoY. Total TPV for cards was R$10.7 billion, a 61% YoY growth. Credit portfolio reached R$19.9 billion, expanding 11% QoQ and 22% YoY. Insurance active policies totaled 50 thousand, a 45% YoY increase.
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FAQ

What is the current stock price of XP (XP)?

The current stock price of XP (XP) is $15.67 as of November 20, 2024.

What is the market cap of XP (XP)?

The market cap of XP (XP) is approximately 8.5B.

What does XP Inc. do?

XP Inc. is a technology-driven financial services platform offering low-fee financial products and services in Brazil.

Where is XP Inc. based?

XP Inc. is based in the Cayman Islands.

When was XP Inc. founded?

XP Inc. was founded in 2001.

What is XP Inc.'s mission?

XP Inc.'s mission is to transform the financial market and improve people's lives by offering better financial products and services.

How does XP Inc. generate revenue?

XP Inc. generates revenue through brokerage commissions.

What are XP Inc.'s core values?

XP Inc.'s core values are dreaming big, open-mindedness, and entrepreneurial spirit.

What recent achievements has XP Inc. made?

Recent achievements include expanding product offerings, forging strategic partnerships, and leveraging technology for innovation.

How does XP Inc. evaluate its business performance?

XP Inc. evaluates its business through a single segment to streamline operations and make informed fund allocation decisions.

What sets XP Inc. apart from other financial service providers?

XP Inc. is committed to breaking the monopoly of large banks in Brazil and providing cost-effective financial solutions.

How can I find the latest updates on XP Inc.?

You can find comprehensive information on XP Inc.'s performance, events, and projects on the company's official website and financial news platforms.

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XP Inc.

Nasdaq:XP

XP Rankings

#954 Ranked by Market Cap
#2180 Ranked by Dividends

XP Stock Data

8.46B
472.98M
7.88%
87.57%
2.18%
Capital Markets
Financial Services
Link
United States of America
Grand Cayman