XP Inc. Reports First Quarter 2024 Results

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BofA Securities Reiterates Buy Rating on XP Inc. (XP)

May 22, 2024 5:58 AM EDT

BofA Securities analyst Mario Pierry reiterated a Buy rating and $31.00 price target on XP Inc. (NASDAQ: XP).

The analyst comments "Net income of R$1.0bn came 4% below our forecast, flattish QoQ (+29 YoY, or 11% excluding Americanas event). AUC expansion, retail net inflows and client adds remained... More