LX - LexinFintech: Spotlight On Asset Quality And Financial Outlook

2024-05-28 06:16:38 ET

Summary

• LexinFintech's asset quality has improved in the recent quarter and it boasts an appealing dividend yield.
• But LX's outlook is weak as evidenced by the company's expectations of a -14.7% YoY decrease in loan origination for Q2 2024.
• A Hold rating for LexinFintech is warranted, taking into account both its asset quality improvement and its poor financial prospects.

Elevator Pitch

I have a Hold investment rating for LexinFintech Holdings Ltd. ( LX ) shares. My prior write-up published on January 31, 2024 was focused on the preview of LX's Q4 2023 financial results....

For further details see: