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. (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.
XP Inc. (XP) announced a public offering of 27,567,485 Class A common shares, with 7,130,435 shares from the company and 20,437,050 shares from ITB Holding Brasil Participações Ltda. The underwriters, including XP Investimentos, Itaú BBA, Morgan Stanley, and J.P. Morgan, may purchase an additional 4,135,122 shares. The registration statement on Form F-1 with the SEC has been filed but is not yet effective, meaning shares cannot be sold until it is. This offering aims to enhance XP's position in Brazil's financial services market.
XP, a leading financial services provider in Brazil, announced that Itaú Unibanco's board approved a spin-off of its 41.05% stake in XP into a new company, Newco. This spin-off may include a sale of 5% of XP’s shares. XP is exploring corporate structures to align interests with Itaú and improve governance, focusing on eliminating conflicts and leveraging capital structure. A potential merger of Newco into XP is under evaluation, which would facilitate the issuance of Class A shares to Newco shareholders, ensuring long-term benefits for XP and its stakeholders.
XP Inc. (NASDAQ: XP) reported record revenue of R$2.2 billion for Q3 2020, a 55% year-over-year increase, surpassing its long-term target of 35% growth. The company generated gross revenue of R$8.0 billion over the last 12 months, marking a 148% increase compared to 2018. Active clients rose 72% year-over-year to 2,645,000, with significant growth in its retail and institutional segments. Adjusted net income surged 119% to R$570 million, with an adjusted net margin of 27.1%. Investments in technology and the IFA network are aimed at capturing more market share from traditional banks, despite a modest current market share of approximately 10%.
XP Inc. (Nasdaq: XP) has corrected the timing of its upcoming earnings webcast for Q3 2020 financial results. The webcast will now take place on November 9, 2020, at 5:00 PM ET (7:00 PM BRT). This correction follows an earlier release with the wrong time.
XP is a leading financial services platform in Brazil, focusing on low-fee products and customer education. The company aims to democratize access to financial services and improve the client experience.
XP Inc. (Nasdaq: XP), a leading financial services platform in Brazil, announced a webcast for its Q3 2020 financial results on November 9, 2020, at 5:00 PM ET. This follows the press release with results that will be available after market closure on the same day. XP aims to revolutionize financial services by democratizing access and providing innovative products. The replay of the webcast will be on XP's investor relations website.
XP Inc. (Nasdaq: XP) reported robust 3Q20 KPIs, highlighting strong growth across various metrics. Assets Under Custody (AUC) reached R$563 billion, a year-over-year increase of 60% and a quarter-over-quarter rise of 29%, driven by R$117 billion in net inflows. Active clients surged by 72% year-on-year, supported by enhanced brand recognition. Additionally, Retail Equity DARTs experienced a significant 181% growth compared to 2019. The company achieved an NPS of 69, reflecting high customer satisfaction. Overall, XP continues to capitalize on the shifting investment landscape in Brazil.
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.