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An announcement from XP ( (XP) ) is now available.
XP Inc., a Brazilian financial services leader, reported its fourth quarter 2024 results, highlighting significant growth and strategic advancements despite economic challenges. The company saw a 9% increase in Client Assets to R$1.2 trillion and a 15% revenue growth to R$18 billion. XP’s strategic initiatives in technological advancement, diversification of distribution channels, and segmentation have strengthened its market position and operational efficiency. These efforts have not only enhanced client satisfaction and retention but also set the stage for sustained growth and value creation for shareholders, as evidenced by a 74% net income distribution through dividends and share buybacks in 2024.
More about XP
XP Inc. is a leading tech-enabled platform in Brazil, known for providing low-fee financial products and services. The company focuses on democratizing access to high-quality investment products and offering exclusive advisory services. XP Inc. operates as a pioneer in the financial sector, seeking to transform how Brazilians manage their financial lives through innovative and customized solutions.
YTD Price Performance: 24.81%
Average Trading Volume: 7,360,645
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.96B
See more data about XP stock on TipRanks’ Stock Analysis page.
