LU News and Press, Lufax Holding Ltd American Depositary Shares two of which representing one From 02/25/23

The financial stocks that climbed the most this week included two names that turned in better-than-expected earnings, while one of the biggest decliners swooned as an offer for the company was pulled. Overall, financial stocks were prone to bearish sentiment, as the Financial Select Sector SP...

Lufax to Hold Extraordinary General Meeting on April 12, 2023 PR Newswire SHANGHAI , Feb. 24, 2023 /PRNewswire/ -- Lufax Holding Ltd (" Lufax " or the " Company ") (NYSE: LU), a leading financial services enabler for small business owners in China , t...

Summary American Express Company is riding the secular trend of post-pandemic travel, as total global travel revenue has grown by 45.1% (2021) and 48.0% (2022) and has yet to reach pre-pandemic levels. We believe there is a huge opportunity for American Express to expand internationally...

Summary Online loans facilitator Lufax posted a 31% drop in profits in the first nine months of last year and expects a loss in the last quarter as the pandemic hurt its small and micro clients. To reduce risks, Lufax has scaled back lending activities using its own capital. Once th...

In the financial stocks making the biggest moves this week, some of the usual volatile names figured prominently in the list climbers, while the biggest losers were mostly small mid-cap banks that recently reported Q4 earnings. Overall, financial stocks fared well. The Financial Select Sector...

Summary Despite the solid performance of the top 10 fintech companies, Lufax underperformed its competitors in Q3 2022 with its revenues down 22.5%. We believe the company's revenue growth was impacted by Covid-19 lockdowns across China as well as new regulations related to online lendi...

Three fintech stocks led the financial stocks that gained the most this week, while a trading/market-making stock fell the most in the financial sector in a week in which the Financial Select Sector SPDR ETF ( NYSEARCA: XLF ) increased 2.1%. . For the second week of the year...

SHENZHEN, China, Dec. 31, 2022 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online and offline consumption platform and a technology-driven service provider in China, today announced that Ms. Sunny Rui Sun has tender...

Several Chinese stocks moved higher today as COVID-19 restrictions continued to ease in China and Hong Kong. Shares of the Chinese electric car maker Nio (NYSE: NIO) traded close to 6% higher as of 10:54 a.m. ET today. Meanwhile, shares of the online content company Zhihu (NYSE:...

Shares of small- and mid-cap Chinese stocks including Tuya (NYSE: TUYA) , EHang (NASDAQ: EH) , and Lufax (NYSE: LU) were moving higher today after China again took another step away from its zero-COVID policy, boosting investor confidence that the economy would fully reope...