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home / news releases / XP - Itau Unibanco: XP Spinoff Is Positive But Priced In

XP - Itau Unibanco: XP Spinoff Is Positive But Priced In

XP Inc.
  • Pending Board approval, Itau intends to spin out its stake in XP Inc.
  • The move should not only unlock sum-of-parts value, but also boost the capital position.
  • With capital return restrictions also likely to be lifted in FY21, higher distributions appear to be on the cards.
  • That said, the runup post-announcement has narrowed the price/value gap, and I think the stock trades fairly at current levels.

For further details see:

Itau Unibanco: XP Spinoff Is Positive, But Priced In
Stock Information
Company Name: XP Inc.
Stock Symbol: XP
Market: NASDAQ
Website: xpinc.com
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