LUFAX HOLDING LTD
$NYSE:LU
949 watching
LUFAX HOLDING LTD
$NYSE:LU
949 watching

Argentine lenders take the lead in week's financial winners, while Chinese fintechs dip

  • This week's five biggest winners in financial stocks (with market cap of over $2B) were led by two Argentine regional banks, while two Chinese fintechs took a hit.
  • The best-performing financial stock featured Banco Macro (
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Lufax: Asset Quality And Regulatory Issues In The Limelight

Elevator Pitch

I have a Hold investment rating for Lufax Holding Ltd's (LU) stock. In its media releases, Lufax calls itself a "technology-empowered personal financial services platform in China" offering "credit facilitation services."

My view of Lufax as a...

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Chinese fintechs tops week's financial gainers, as U.S. lending fintechs slide

Of this week's biggest gainers in financial stocks, three are Chinese-based fintechs that were helped by a preliminary agreement that allows U.S. authorities access to audit those companies. Of the five financial stocks that declined the most this week, three are tech-based...

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Another China-based company, Lufax seeks HongKong listing

  • China-based fintech company, Lufax (NYSE:LU) announced that it plans to go public in HongKong, being the latest to join NY-traded Chinese companies seeking alternative listings to hedge against the risk of being banned from U.S....

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Lufax Holding Ltd (LU) CEO Yong Suk Cho on Q2 2022 Results - Earnings Call Transcript

Lufax Holding Ltd (LU)

Q2 2022 Earnings Conference Call

August 4, 2022 9:00 PM ET

Company Participants

Yong Suk Cho - Chairman and CEO

Greg Gibb - Director and Co-Chief Executive Officer

Siu Kam Choy -...

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Edited

Lufax Holding misses earnings and revenue expectations in Q2

Trending News

Lufax Holding reported earnings and revenue that missed expectations in the second quarter. The company reported GAAP earnings per share of $0.18, missing expectations by $0.05. Revenue of $2.28 billion also missed expectations by $70 million. The company's press release...

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3.010 -4.14%
USD, LUFAX HOLDING LTD
Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.
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