TipRanks Analysis for XP Q3! (Strong Growth with Share buyback program)

XP Inc., a leading platform for financial services in Brazil, reported a solid growth in its third-quarter 2024 results with a 12% increase in total client assets, reaching R$1.2 trillion, and a 9% rise in net income year over year. The company’s retail revenue saw a 10% year-on-year growth, driven largely by gains in fixed income and card services. XP also reported a significant 46% increase in gross written premiums, highlighting its expanding insurance business.