(Bloomberg) -- For the first time in at least a decade, Morgan Stanley’s brokerage failed to reach a top-three ranking in Brazil equity trading, dropping to fifth place as local competitors gained ground by joining forces. Most Read from BloombergAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59Trump Search’s Revelations Open New Political Front for MidtermsExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksEvery Wall Street Trend Goes Haywire as Stock Bears Are CrushedA
Thank you for participating on another earnings call of XP Inc. now for the second quarter of 2022. There, you can find the SEC filings of XP Inc. and the definitions of forward-looking statements and how forward-looking statements of this call can differ from actual results. Now I will move to Bruno to kick off our earnings call.
XP Inc.A (XP) delivered earnings and revenue surprises of -2.63% and 12.72%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?