Stocks Analysis by Investing.com (Vinicius Carvalhosa) covering: Charles Schwab Corp, Interactive Brokers Group Inc, Xp Inc, Nu Holdings Ltd. Read Investing.com (Vinicius Carvalhosa)'s latest article on Investing.com
), a pioneer in promoting investments in Brazil, manages just under $200 billion in client assets. It was founded in 2001 and transitioned into a brokerage in 2006. Within a few years, its home broker became the most widely used platform on the Brazilian stock exchange.
The sector expects a positive wave In October, XP announced the end of its cryptocurrency exchange, Xtage. Although cryptocurrencies are down, overall investments are expected to continue to grow. However, fixed income also contributed significantly to keeping XP's numbers positive. Revenue from this segment grew by 74% compared to the first quarter of 2023, thanks to the recovery in private credit.
The fund platform grew by 9% in the second quarter and is approaching 2022's numbers. Additionally, XP Asset had interesting figures in the semester, attracting 213,000 new investors, while the general fund market lost 138,000. The Price/Earnings ratio for the company currently stands at 16.4x, which is still within an acceptable range.
XP falls within the average. With the exception of Nubank , all have a positive fair value upside potential. Interactive Brokers is the only one on the list with a Financial Health rating of B , while the others also have a C rating at the moment.If the positive figures are validated in the 3Q23 earnings report scheduled for November, XP would solidify its position as a compelling investment opportunity.
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