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....
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LexinFintech: Spotlight On Asset Quality And Financial Outlook