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), a leading financial services platform in Brazil, announced the commencement of a cash tender offer for its outstanding 3.250% Senior Unsecured Notes due 2026, with a total principal amount of $736,435,000. The offer, expiring on June 26, 2024, allows noteholders to tender their notes for a purchase price of $946 per $1,000 principal amount plus accrued interest. The tender offer is contingent on a concurrent financing transaction involving new notes issued by XP, the proceeds of which will partially fund the purchase of tendered notes. Noteholders must meet specified conditions to participate, and the offer may be amended or terminated at XP's discretion.
For more details, visit XP Inc. Cash Tender Offer
XP (Nasdaq: XP) announced the approval of a share repurchase program by its board of directors. The program allows XP to repurchase up to R$1.0 billion (~$200M USD) of its Class A common shares from May 23, 2024, to December 31, 2024. Repurchases may be executed in the open market or through private negotiations, subject to market conditions. The program will be funded by existing cash reserves and may be periodically reviewed, adjusted, or discontinued by the board. XP has authorized management to appoint a broker to handle the repurchase, potentially utilizing SEC Rule 10b-18 and Rule 10b5-1 safe harbors. The timing and volume of repurchases will depend on factors like market conditions and alternative investments.
XP Inc. (NASDAQ: XP) has released its Q1 2024 financial results, showcasing significant growth in various metrics. Total client assets climbed 20% YoY to R$1.141 trillion, with net inflows reaching R$15 billion. Gross revenue saw a 28% YoY increase to R$4.27 billion, driven by a 22% rise in retail revenue and a notable 91% surge in corporate and issuer services. Net revenue grew 29% YoY to R$4.053 billion, while net income was up 29% YoY at R$1.03 billion. Despite a slight QoQ decline in certain areas, such as cards TPV and retail daily average trades, the company maintained strong growth in its credit portfolio, gross written premiums, and total advisors. Operational efficiencies were also highlighted with improvements in compensation and efficiency ratios.
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