UPDATE 1-Brazil's XP posts 33% rise in fourth quarter net profit [Yahoo! Finance]
XP Inc. - Class A (XP)
Company Research
Source: Yahoo! Finance
SAO PAULO, Feb 27 (Reuters) - Brazilian financial services provider XP Inc. posted on Tuesday a 1.04 billion-real ($210.80 million) net profit for the fourth quarter, up 33% from a year earlier. XP, which operates from brokerage to asset manager, said its gross revenue was at 4.31 billion reais in the quarter ended in December, rising 29% from the same period a year earlier. Its main retail business, through which it intermediates investments from individual investors, rose 24% year-on-year, with equities, a segment it has been struggling to accelerate growth amid still double-digit rates, increasing 19%, while fixed income jumped 76%. In the first three quarters of the year XP had posted flat performance year-on-year on equities segment for retail costumers. Separately, XP said its board has approved a new program to buyback up to 2.5 million Class A common shares until December 27. ($1 = 4.9335 reais) (Reporting by Paula Arend Laier and Andre Romani; Editing by Steven Gra
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XP
News
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- XP Inc. Q2: Good, But Not Enough To Change The Recommendation [Seeking Alpha]Seeking Alpha
- XP Q2 Earnings: On Track To Meet Its 2026 Financial Targets [Seeking Alpha]Seeking Alpha
- Foreign Investors Flock Back to Brazil Stocks as Fed Cut Nears [BNN Bloomberg (Canada)]BNN Bloomberg
- Drought Strains Brazil Hydropower Supply, Raising Energy Costs [Financial Post (Toronto, Ontario, Canada)]Financial Post
XP
Earnings
- 8/13/24 - Beat
XP
Analyst Actions
- 10/16/24 - JP Morgan
XP
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/7/24 - Form SC
- XP's page on the SEC website