XP: Like A Bank But Conserves Optionality To Equities, It Is An Opportunity

Group 1 - XP Inc. reported Q4 2024 earnings, showing growth consistent with the broader Brazilian financial market [1] - The company is evolving to resemble a bank operation, emphasizing advisory and financial planning services [1] - The investment strategy focuses on long-only investments, evaluating companies from an operational and buy-and-hold perspective [1] Group 2 - Quipus Capital's approach does not prioritize market-driven dynamics or future price action, instead focusing on operational aspects and long-term earnings potential [1] - The majority of Quipus Capital's calls will be holds, reflecting a design choice to maintain a cautious stance in a bullish market [1]