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 technology-driven financial services platform revolutionizing Brazil's market through accessible investment solutions. This page serves as your centralized source for official company announcements and market-moving developments.
Access real-time updates on earnings reports, strategic partnerships, regulatory filings, and product innovations. Investors gain critical insights into XP's operational milestones while analysts track emerging trends in Latin American fintech.
Our curated news collection features verified press releases and objective reporting on XP's market expansion, technology initiatives, and financial performance. Bookmark this page to stay informed about key developments affecting one of Brazil's most dynamic financial service providers.
XP Inc. (Nasdaq: XP) has announced the elimination of brokerage fees for online stock trades at Rico and a 75% reduction at XP Direct, aiming to democratize investments in Brazil. CEO Guilherme Benchimol emphasized this move lowers barriers for self-directed investors. CFO Bruno Constantino estimates a 2% reduction in total gross revenue from these changes in H1 2020, but believes long-term benefits will outweigh short-term impacts. This initiative aims to drive higher net inflows and increase equity allocations among Brazilian retail investors.
XP Inc. (Nasdaq: XP) has announced a strategic partnership in Wealth Management with former Credit Suisse Hedging-Griffo executives, acquiring a 49.9% minority stake. This collaboration aims to enhance offerings to ultra-high-net-worth clients, leveraging both XP's technology and the private bankers' expertise. The Brazilian Private Banking market, with R$1.4 trillion in assets, presents significant growth potential. XP's founder emphasized that this move will strengthen their platform and disrupt the concentrated Private Banking sector in Brazil.
XP Inc. (Nasdaq: XP) will host a webcast on August 11, 2020, at 5:00 PM ET to discuss its Q2 2020 financial results. The results will be released after the market closes on the same day. XP is a leading financial services platform in Brazil, focusing on low-fee financial products and democratizing access to various financial services.
The company's mission includes educating investors, developing new products, and providing excellent customer service, with over 600 investment products available.
XP Inc. (Nasdaq: XP) successfully hosted its first fully digital 'Expert' investment event from July 14-18, 2020, attracting over five million participants. Celebrating its 10th edition, the event featured more than 200 speakers and 200 hours of content, significantly impacting account openings with over 10% growth compared to the monthly average. The digitalization trend bolstered retail channels and enhanced XP's positioned role in Brazil's financial market. CEO Guilherme Benchimol emphasized the importance of education in navigating today's uncertainties.
XP Inc. (XP) announced the closing of a public offering of 22,465,733 Class A shares at $42.50 each, including additional shares from underwriters. General Atlantic and XP Controle Participações were the selling shareholders, while XP will not receive proceeds from this sale. Major financial institutions such as Morgan Stanley and Goldman Sachs coordinated the offering. A registration statement related to these securities was filed with the SEC and has been declared effective.
XP Inc. (Nasdaq: XP) has announced the pricing of a public offering of 19,535,420 Class A common shares at $42.50 per share, set to close around July 7, 2020. The shares are being offered by General Atlantic and XP Controle Participações S.A., with no proceeds going to XP. Underwriters also have a 30-day option to purchase an additional 2,930,313 shares at the same price. Major coordinating firms include XP Investimentos, Morgan Stanley, and Goldman Sachs, among others.
XP Inc. (Nasdaq: XP) announced preliminary financial results for Q2 2020, forecasting gross revenue between R$1,850 million and R$1,980 million, marking a 50%-60% increase from R$1,236 million in Q2 2019. Adjusted net income is anticipated to be R$420 million to R$520 million, up from R$228 million a year prior. The adjusted net margin is expected to range from 24% to 28%, compared to 20% in the previous year. Additionally, net inflows for June 2020 are projected to be R$10 billion to R$12 billion, a notable increase from R$8.3 billion in May.
XP Inc. (Nasdaq: XP) announced a public offering of 19,535,420 Class A common shares by selling shareholders General Atlantic (XP) Bermuda, L.P. and XP Controle Participações S.A. The underwriters will have an option to purchase an additional 2,930,313 shares. XP will not receive any proceeds from this sale. XP Investimentos, Morgan Stanley, Goldman Sachs & Co. LLC, and J.P. Morgan are acting as Global Coordinators and Joint Bookrunners for the offering. A registration statement has been filed with the SEC but is not yet effective.
XP Inc. (Nasdaq: XP) has launched DuAgro, an innovative platform designed to democratize access to credit for small and medium-sized Brazilian rural producers in partnership with VERT, the largest agribusiness securitizer in Brazil. DuAgro aims to streamline the credit approval process, making it 100% digital and removing the need for guarantees. With agribusiness contributing 25% to Brazil's GDP, the initiative addresses the challenges these producers face in accessing financing, which is typically dominated by larger entities.
XP Inc. (Nasdaq: XP) has announced key performance indicators for May 2020, showing positive growth amidst the COVID-19 pandemic. As of May 31, the total assets under custody (AUC) reached R$412 billion, a 13% increase from the previous quarter, driven by R$15 billion in net inflows and R$31 billion in market appreciation. Monthly net inflows rose to R$8.3 billion, and active clients increased to 2.2 million. XP maintained its leadership in the retail equity market with 25% custody market share
