Nov 13 (Reuters) - Brazilian investment manager and broker XP on Monday reported a rise in third-quarter revenue as a rebound in capital markets propelled a rise in client assets, while demand for card products remained strong.

XP's shares were up 2% at $22.66 after the bell.

The benchmark S&P 500 and Brazil's Bovespa are up 15% and 10% so far this year.

XP's total client assets climbed 17% to 1.08 trillion reais ($224.08 billion) in the quarter ended Sept. 30, compared with 925 billion reais a year earlier.

The company's client assets breached the 1-trillion-reais mark in the second quarter.

Total payment volumes on XP's cards rose 62% to 10.7 billion reais in the third quarter.

Net income rose 5% to 1.09 billion reais, while net revenue rose 14% to 4.13 billion reais. ($1 = 4.9089 reais) (Reporting by Pritam Biswas in Bengaluru; Editing by Shounak Dasgupta)