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. (Nasdaq: XP) is a technology-driven financial services company that focuses on low-fee financial products and services in Brazil. As a listed foreign private issuer, XP regularly publishes detailed earnings releases, macroeconomic research, and capital management announcements that generate a steady flow of news for investors and market observers.
News about XP Inc. often centers on its quarterly and annual financial results, where the company reports metrics such as total client assets, net inflows, retail and institutional revenue, corporate and issuer services revenue, margins, and returns on equity. These updates also describe trends in areas like fixed income, equities, cards, credit portfolios, retirement plans, and insurance-related gross written premiums.
Another important category of XP news involves capital allocation decisions. The company has announced share repurchase programs, dividend declarations, and the cancellation or retirement of treasury Class A shares. Such releases typically explain the authorized size and duration of buyback programs, the intended funding sources, and how these actions fit into XP’s broader capital distribution plan.
XP also issues research-driven communications, including macroeconomic reports on Brazil and analyses of government initiatives such as payroll-deductible loan programs. These pieces present the company’s internal forecasts for GDP growth, inflation, and fiscal conditions, and discuss how policy changes may affect credit and household income.
Investors following XP news can use this page to track financial performance updates, platform and product developments, macro research publications, and board-approved capital management actions, all of which shape the ongoing story of XP’s role in Brazil’s financial sector.
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
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XP Inc. (Nasdaq: XP) will host a business update web meeting on June 23 at 4:00 PM ET (5:00 PM BRT), featuring CFO Bruno Constantino and Head of Investor Relations Carlos Lazar. The session will include a Q&A moderated by analysts from Citi and UBS. Interested participants can register through the provided link. A replay will soon be available on XP’s investor relations website. XP is committed to democratizing financial services in Brazil by educating investors and offering a range of low-fee products and advanced technology solutions.
XP Inc. (Nasdaq: XP) has appointed José Berenguer as CEO of Banco XP S.A. to lead the expansion of its wholesale bank business. Berenguer, who previously served as CEO of J.P. Morgan in Brazil, will focus on innovating financial products and deepening client relationships. The company, recognized for its low-fee financial services, aims to transform Brazil's financial landscape, targeting underserved corporate clients. XP's mission includes democratizing financial services and empowering investors through technological advancements.