No Data
LexinFintech To Go Ex-Dividend On September 16th, 2024 With 0.072 USD Dividend Per Share
The solid risk capability drives the improvement of revenue and profit, continuous dividends demonstrate development confidence, and the current valuation of lexinfintech (LX.O) is still at a low point of value.
On August 28th, LexinFintech (LX.O) announced its performance for the second quarter of 2024. Q2 revenue was 3.64 billion yuan, a 12.3% increase compared to the previous quarter; net profit was 0.23 billion yuan, a 12.4% increase compared to the previous quarter. The transaction volume was 51.1 billion yuan, with a managed loan balance of 115.2 billion yuan. From the perspective of the external market environment, the credit demand is still insufficient, and the high-quality credit demand has not been fully restored. The business performance of companies is weakening, which is the main reason for the overall valuation pressure in the industry over the past period. In contrast, LexinFintech's Q2 financial report showed a continuous improvement in revenue and profits, which is commendable in the current market environment. The risks are low.
LexinFintech (LX) Q2 2024 Earnings Call Transcript
Earnings Call: LexinFintech Q2 2024 Shows Growth and Dividend Plan
LexinFintech Reports Growth Amidst Global Expansion
LexinFintech Holdings Ltd. (LX) Q2 2024 Earnings Call Transcript Summary