FXI - Qifu Technology Stock: A Strong Start To 2024
2024-06-04 17:52:47 ET
Summary
- We recap Qifu Technologies Q1 earnings report.
- The company is managing to drive profitability higher even as consumer credit conditions in the Chinese economy remain volatile.
- Shares offer a compelling 5.5% dividend yield.
Qifu Technology Inc ( QFIN ) reported its first-quarter results highlighted by solid growth and firming profitability. The China-based fintech is managing mixed economic indicators in the region and ongoing consumer credit headwinds by tightening lending standards and streamlining the business. The latest results suggest the strategy is working....
Qifu Technology Stock: A Strong Start To 2024