XP Craters 51% to 52-Week Low as Lula's Brazil Election Win Unwinds Trade
XP is trading near its 52-week low of $13.78 (6.9% above the low) on elevated volume (6.2× avg).
Summary
XP is down 51.43% at $14.77, a new 52-week low, after Lula beat Flávio Bolsonaro in Sunday's runoff — a result investors had not positioned for. The reversal is violent because the market had rallied hard on Bolsonaro's first-round lead: Brazil's Ibovespa climbed 12% over the past month and the real strengthened nearly 5% against the dollar on hopes for business-friendly reforms and tighter spending. The Tokyo-listed Nomura NF Ibovespa Link ETF fell as much as 16% and November real futures dropped roughly 10% in Asian hours, so this is a country-wide repricing, not an XP-specific problem. XP is a Brazil-focused brokerage that earns most of its revenue from commissions, making it a high-beta play on Brazilian sentiment and rate expectations. The next hard data point is the estimated November 16, 2026 earnings report, with EPS estimated at 53 cents and revenue at $976.77 million.
At the time of this announcement, XP was trading at $14.74 on NASDAQ in the Finance sector, with a market capitalization of approximately $15.7B. The 52-week trading range was $13.78 to $32.73. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.