XP Inc. Reports Third Quarter 2024 Results
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XP Inc. reported its Q3 2024 financial results, showing a 12% year-over-year increase in total client assets to R$1,213 billion, but a 36% decrease in total net inflow compared to Q3 2023. The annualized retail take rate slightly decreased by 1 basis point year-over-year.
November 19, 2024 | 9:30 pm
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NEUTRAL IMPACT
XP Inc. reported a 12% increase in total client assets for Q3 2024, but faced a 36% decline in net inflow year-over-year. The retail take rate saw a minor decrease.
The increase in total client assets is positive, but the significant drop in net inflow could be concerning for investors. The slight decrease in the retail take rate is minor but worth noting. Overall, the mixed results may lead to a neutral short-term impact on XP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100