Investors Unimpressed By Massive Dividend From Shrinking Lufax
Key Takeaways: Lufax announced a massive special dividend of $2.42 per ADS, equal to about half of its Friday closing price of $4.48 The company...
Source: businessinsider.com
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Online Lenders Cool As China's Economic Rebound Wobbles - Lufax Holding (NYSE:LU), FinVolution Gr (NYSE:FINV)
Key Takeaways: Online loan facilitators Lufax and Qifu both reported year-on-year revenue declines in the second quarter Rival FinVolution posted a revenue gain for the quarter, as contributions from its overseas operations helped to offset sluggish performance at home By Warren Yang
Source: benzinga.com
Why Lufax Holding Stock Dropped Today | The Motley Fool
Shares of the Chinese fintech fell after a mixed quarterly update.
Source: fool.com
Online lender Lufax sees profit drops 86% y-o-y
Lufax Holding, the Chinese online lender backed by Ping An Insurance, reported an 86% year-on-year decline in profit in the first quarter, amid China’s lacklustre economic recovery, reports the South China Morning Post. Net income at the Shanghai-based company stood at RMB 732 million ($103.8 million) in the first three months, compared with RMB 5.29 billion…
Source: chinaeconomicreview.com
Lubys Inc (NYSE:LUB) Q3 2022 Earnings Call Transcript
Operator: Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Limited Third Quarter 2022 Earnings Call.
Source: insidermonkey.com