Xp Inc. Stock Price, News & Analysis

XP Inc. (Nasdaq: XP) will host a webcast on May 4, 2021, at 5:00 PM ET to discuss its Q1 2021 financial results, which will be released post-market. The webcast aims to provide insights into XP's performance, a leading financial services platform in Brazil known for low-fee offerings. XP is focused on educating investors, democratizing financial access, and enhancing client experience. The replay of the discussion will be available on the company's investor relations website.

XP Inc. (Nasdaq: XP) announced the appointment of Thiago Maffra as CEO, effective May 12, 2021, succeeding Guilherme Benchimol, who will transition to Executive Chairman. Maffra, previously CTO, has successfully driven XP's digital transformation and is recognized as a leader in Brazil's FinTech sector. Benchimol will now focus on strategic initiatives including innovation and expansion. Both leaders emphasize the need to evolve XP’s operational model to prioritize client empowerment through technology.

XP Inc. (NASDAQ:XP) reported a robust performance for Q4 and FY2020, achieving gross revenue of R$8.7 billion, a 58% increase year-over-year, while adjusted net income surged 111% to R$2.3 billion. The company saw a significant growth in active clients, reaching 2.8 million, which is 63% higher than the previous year. Notable advancements include the launch of a digital bank and credit card services, strengthening XP's competitive position in Brazil's financial market. With total assets under custody of R$660 billion (up 61% YoY), XP aims for further market expansion and increased profitability.

XP Inc. (Nasdaq: XP) will host a webcast on February 23, 2021, at 5:00 PM ET to discuss its fourth quarter 2020 financial results, with a press release to follow after market close. The company aims to educate investors, democratize financial services, and provide innovative products. XP offers financial advisory services and access to a wide range of investment products. It operates in a competitive landscape and highlights the importance of its forward-looking statements, which are subject to various risks and uncertainties.

XP Inc. (Nasdaq: XP) announced two key agreements related to the spin-off from Itaú Unibanco, enhancing its corporate governance and capital structure. The IU Conglomerate Agreement allows partial private sales of XP shares and ends IU Conglomerate’s board nomination rights, while the IUPAR Block Agreement facilitates a merger with XPart S.A. Moreover, these changes aim to improve XP's leverage capacity. The agreements will impact XP's Shareholders' Agreement, which will expire on October 30, 2026, upon the implementation of the reorganization, pending approval from the Federal Reserve Board.

XP Inc. (Nasdaq: XP) reported strong performance in Q4 2020, with Assets Under Custody (AUC) reaching R$660 billion, a 61% year-over-year increase, fueled by R$198 billion in net inflows and R$53 billion in market appreciation. Adjusted Net Inflow was R$37 billion, while active clients grew 63% year-over-year. The Credit Portfolio expanded to R$3.9 billion with a 0.0% NPL ratio, reflecting XP's strategic growth in collateralized loans. The Net Promoter Score improved to 71, highlighting customer satisfaction.

XP Inc. (Nasdaq: XP) has acquired Riza M&A, an independent financial advisory firm, to enhance its M&A capabilities. This acquisition aligns with XP's strategy to strengthen its Capital Markets ecosystem and better serve corporate clients. Riza’s experienced team, including CEO Marco Gonçalves, will join XP’s M&A division. XP aims to become a leading option for M&A services in Brazil, leveraging this acquisition to expand its service offerings in the growing Brazilian Capital Market.

XP Inc. (Nasdaq: XP) has completed a public offering of 31,654,894 Class A common shares, priced at US$39.00 each. The sale included 7,130,435 shares from the company and 24,524,459 shares from ITB Holding Brasil Participações Ltda. The underwriters were granted an option to purchase an additional 4,135,122 shares. XP aims to disrupt traditional financial models in Brazil by offering low-fee financial products and services, supporting investor education, and enhancing access to diverse financial services.

XP Inc. (XP) announced the pricing of a public offering of 31,654,894 Class A common shares at $39.00 per share. This includes 7,130,435 shares from the company and 24,524,459 from ITB Holding Brasil Participações Ltda. The offering will close on or around December 7, 2020, subject to standard conditions. Underwriters have an option to purchase an additional 4,135,122 shares. Global Coordinators include XP Investimentos, Itaú BBA, Morgan Stanley, and J.P. Morgan. This move aims to strengthen XP's market position in Brazil's financial sector.