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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of XP's position in the market.
Rhea-AI Summary
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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End-of-Day
2.48%
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Rhea-AI Summary
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 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. (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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-3.62%
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Rhea-AI Summary
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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-3.62%
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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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1.62%
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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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1.27%
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XP Inc. (Nasdaq: XP) Announces US$0.73 Cash Dividend per Share
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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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Rhea-AI Sentiment
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.98%
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XP Inc.
Nasdaq:XP
XP Rankings
XP Stock Data
12.13B
405.69M
7.9%
69.77%
3.3%
Investment Banking and Securities Dealing
Finance and Insurance
United States of America
Vila Olimpia
About XP
o nosso propósito é transformar o mercado financeiro para melhorar a vida das pessoas. começamos em 2001, como um pequeno escritório de agentes autônomos de investimentos em porto alegre. chegamos até aqui com a dedicação de pessoas talentosas que, por meio da nossa cultura de sonho grande, mente aberta e espírito empreendedor, tiveram a autonomia e liberdade que precisavam para transformar o mercado financeiro.porém, sabemos que o desafio é muito maior. os grandes bancos ainda possuem 95% do mercado de investimentos no brasil, mas estamos aqui para romper essa lógica e melhorar a vida de muito mais pessoas. somos exatamente o que o sistema financeiro nunca foi.se você se identifica com esses conceitos e deseja construir algo especial, mergulhe de cabeça nesta oportunidade.