XP INC XP

XP Inc is a financial investments provider based in Brazil. Founded in 2001, the company provides wealth management services to customers across the Americas. XP has offices in Sao Paulo, Rio de Janeiro, Miami and New York. The brands that fall under the XP umbrella include XP Investimentos, Rico and Clear Brokerage. Those combined enable XP Inc to offer the complete financial management package including services in equities, private pensions and investment funds.

XP Inc is listed on the NASDAQ exchange under the ticker, NASDAQ XP. It IPO'ed in December 2019 at a price of $27.00 per share and has since then the XP share price has posted all-time high of $52.02. The organisation investment division, General Atlantic is the world’s largest private equity fund and has more than $20bn actively invested. A series of acquisitions, including InfoMoney and Senso Corretora in 2011 and Clear Corretora in 2014 for $90m, has enabled XP Inc to dominate the financial management sector in Brazil.

In 2020, the company released its earnings report and KPIs for the second quarter of that year, and there were some very positive numbers recorded. The total gross revenue in the retail division almost doubled year-on-year, while gross profit and adjusted net income both increased. That sentiment has promoted success for the XP stock.

The XP price chart confirms the firm's unique position in the market so consider diversifying your eToro portfolio by including some XP Inc stock.